To answer the question of how economic thinking functions, we will simulate the mental processes as a result of which an individual forms and puts into practice a particular type of economic behavior. Starting this work, it is necessary to emphasize that any model is an abstraction that cannot be absolutized and which cannot be […]
Tag: Energy
Modeling of costs and profits of the enterprise
The basis for the construction of models of behavior of the producer (an individual enterprise or firm, an association or an industry) is the idea that the producer seeks to achieve such a state in which he would be provided with the greatest profit under the prevailing market conditions, i.e. primarily under the existing price […]
Normative planning method
The normative method is a planning method based on the application of norms and standards to substantiate planning, program and forecast documents. Norms are absolute indicators reflecting the consumption of resources (material, labor, financial) per unit of production, work, services. There are technical and economic, financial, socio-economic, environmental, etc. For example, the rate of consumption […]