Unlike the previous one, the second approach does not require measuring utility in any quantity. The consumer here can compare the usefulness of individual goods or a set of them and order them according to the degree of preference. The theory of the optimal choice of the consumer proceeds from the fact that he exercises […]
Tag: formula
Basic concepts characterizing the categories of "world economy", "regional economy", "national economy"
At the heart of the categories under consideration is the concept of “economy”, which is quite polysemantic. Economics means: 1) a historically defined set of socio-production relations (the economy of capitalism, the economy of socialism, the economy of post-industrial society, the market economy, etc.); 2) the national economy of several or separate countries, as well […]