Price changes and compensation

The problem of compensation by increasing consumer income arises in all cases where there is an increase in the prices of one or more of the goods consumed. Different approaches to solving this problem are possible. The most direct of them uses the concept of the demand function in a fairly general form and relies […]

Conditional example of analytical calculation based on MSM

General scheme Suppose that the economy in question consists of only two branches (industry and agriculture), the distribution of products of which is reflected in Table. 6.7. Table 6.7 Resource requirements by component General diagram of the original version of the conditional example Industries- Consumers Industries- Manufacturers Intermediate consumption Final Product (KP) Gross Domestic Product […]