The basis for the study of personal consumption (individual consumers and households) are indifference curves. The indifference curve is a line, each point of which represents such a combination of two goods that the consumer does not care which of them to choose. Indifference curves graphically reflect the consumer’s system of preferences. For the convenience […]
Tag: Methods
The concept of "technology"
The scientific and technological revolution is extremely diverse in the set of goods and services offered on the world market. In particular, technology becomes a commodity. International UN documents interpret the concept of “technology” in two ways: on the one hand, as a set of design solutions, methods and processes for the production of goods […]
Trends in the development of the world monetary system
A characteristic feature of our time is the development of regional economic and monetary integration, primarily in Western Europe. The mechanism of currency integration includes a set of monetary and credit methods of regulation, through which rapprochement and mutual adaptation of national farms and currency systems are carried out. In December 1991, in Maastricht, EU […]