The form of social economy is a certain way, a type of organization of economic activity of people, the real functioning of the social economy. The general forms of economic organization of production include natural and commodity production. Subsistence farming is a type of farm in which production is aimed directly at satisfying the producer’s […]
Tag: The end
Types of economic systems and their criteria
Mankind in its difficult history has already “experienced” quite a lot of different economic systems. This gives grounds to raise the question of their classification. Classification in science is always a complex matter. Its success, scientific validity largely depends on the correctly selected “key”. Such a “key” is the criterion of separation, i.e. its main […]
Functions of economic theory
Studying economic phenomena and processes, laws and patterns of their course and development, the mechanism of management, economic theory performs three main functions. First, it is a cognitive function. It means that economic theory as a science serves people to learn complex, largely interdependent and intertwined processes of economic development, indistinguishable to superficial observation, to […]