Bankruptcy is the insolvency of the debtor, which has or acquires a stable character, recognized by the economic court or lawfully declared by the debtor. In economically developed countries, bankruptcy is considered as a normal phenomenon of economic life. It is designed to play a crucial role in the system of functioning of the economy […]
Tag: inflation
FEATURES OF THE MACROECONOMIC MODEL OF DEVELOPMENT OF GREAT BRITAIN
The main distinguishing feature of the British economy is that the country does not develop on the basis of the principles of a social market economy, like Germany or France, but uses the neoliberal, Anglo-Saxon model of development. Therefore, the model of the British economy is closest to the United States and is very different […]
Countries with an average level of capitalism development
This subgroup includes such countries of Western Europe as: Spain, Portugal, Greece, Ireland; countries of Central and Eastern Europe: Czech Republic, Hungary, Slovenia, Poland, Slovakia; former newly industrialized countries: Republic of South Korea, Taiwan and Singapore. The first two countries possessed in the past huge colonial possessions in the New World and lived by exploiting […]