Subject The research of legal and theoretical framework for financial activities identified shortcomings in the existing theoretical and methodological approaches to the concept and analysis of economic activities of businesses. The main shortcoming is the lack of single approach to the analysis of sustainable development of economic entities of different hierarchical levels. Objectives The purpose of the study is to develop a methodology to analyze economic activity, which enables to make a comparative analysis of economic entities of different hierarchical levels, i.e. meso-level (region) and micro-level (companies and organizations) using common evaluation criteria for sustainable development. Methods To conduct the study we used the system and integrated approaches and general scientific methods of observation, comparison, analysis, synthesis, analogy, statistical and mathematical data processing. Results For the purposes of goals and objectives of the study, which are conditioned by imperfect mechanism of meso-level subjects' analysis, we have developed an algorithm of complex analysis of financial and economic activities of meso-level businesses from a position of sustainable economic development. The implementation of the algorithm bases on the analysis technique of financial condition of enterprises and organizations. The obtained results of the analysis necessitate their generalization and a definition of qualitative characteristics of sustainable economic development. To assess the financial and economic activities of meso-level businesses we used the Harrington's desirability function. To provide a complete description of sustainable development of meso-level businesses we analyzed the efficiency of resource use. As a result of using the resource approach, we have demonstrated reserves, i.e. untapped opportunities to reduce the specific consumption of resources to ensure sustainable development. Conclusions and Relevance The analysis of financial and economic activities of a meso-level economic entity conducted based on the developed algorithm enables to obtain results confirmed by various methods. The application of the methodology, which is based on the calculation of indicators that are used to assess the sustainability of enterprises and organizations, enables to eliminate the shortcomings of the techniques applied to analyze the economic activity of meso-level entities, and to ensure consistency of the methodology of assessing sustainable development at different hierarchical levels.
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