The second stage (50-70s) is associated with the structural and functional direction of theoretical sociology (T. Parsons, R. Merton, N. Smelser, K. Davis, D. Moore, and others), which is trying to correlate the economy with other subsystems of social life. Unlike the first stage, when the economy was seen as a whole, it is now […]
Tag: America
Isoquant and its types
When modeling consumer demand, the same level of utility of different combinations of consumer goods is graphically displayed using the indifference curve. In economic and mathematical models of production, each technology can be graphically represented by a point, the coordinates of which reflect the minimum required expenditure of resources K and L for the production […]
Small countries of dependent plantation farming
This subgroup includes the countries of Central America: Nicaragua, El Salvador, Costa Rica, Guatemala, Honduras, the Dominican Republic and Haiti. The main distinguishing feature of these countries is the preserved agrarian specialization of the economy (bananas, coffee, cotton, etc. are produced) and a high share in the export of agricultural products. The countries of this […]