Italy is a highly developed country where a new post-industrial type of economy is widely represented. After the Second World War, the country’s economy developed at a faster pace than in other developed countries. This was due to the influx of capital from the United States, the availability of cheap labor, the development of tourism […]
Tag: World
ECONOMIC AND GEOGRAPHICAL CHARACTERISTICS OF THE UK COUNTRY
The United Kingdom of Great Britain and Northern Ireland is located in the British Isles. It is the most extensive archipelago in Europe. It includes two large islands – Great Britain and Ireland, separated by the Irish Sea, and another 5 thousand small islands, among which three groups of islands in the north stand out: […]
Approaches to the classification of services
The concept of “service” includes a complex of diverse types of human economic activity, causing the existence of various options for classifications of services. International practice identifies the following 12 service sectors, which in turn include 155 subsectors: commercial services; postal and communication services; construction works and structures; trade services; education services; environmental protection services; […]
Classical and Keynesian models of macroeconomic equilibrium
In the world economic literature, two main directions of the mechanism for regulating national production in market conditions can be distinguished. The first is the classical direction of automatic self-regulation of the market system. Its representatives are D. Ricardo, D. St. Mill, F. Edgeworth, A. Marshall, A. Pigou. The second is Keynesian, proceeding from the need […]