One of the main goals of the national economy is to achieve a high level of employment. Employment should be understood as such activities of citizens that do not contradict the laws of the country, are aimed at satisfying personal or social needs and bring its subject earnings or income. The concept of “employment of […]
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Economic cycle: concept, phases, causes and types
The development of social production, which depends on many factors, is not uniform and continuous. In some periods, the growth of total output is very rapid, in other years it is slower, sometimes there is even a decline. Thus, the economic development of countries does not occur evenly, i.e. it is characterized by macroeconomic instability, […]