Machine-Building Complex

The intersectoral machine-building complex unites enterprises and production of mechanical engineering and metalworking (and in the conditions of Belarus includes metallurgy), aimed at meeting the needs of the national economy in the means of production, tools, and long-term consumption items. Since 1975, in terms of gross output, the cost of fixed production assets and the […]

Competition in mature industries

A mature industry is characterized by a slowdown in growth. The maturity of the industry comes when almost all potential buyers have become real users of goods, demand is formed mainly through repeated purchases, and the growth rate of the industry is maintained by the influx of new consumers or an increase in consumption by […]