Factors of economic growth are those phenomena and processes that determine the scale of the increase in real output, the possibility of improving efficiency and the quality of growth. According to the method of influencing economic growth, direct and indirect factors are distinguished. Straight lines are those that directly determine the physical capacity for economic […]
Tag: evaluation
Economic growth: concept, goals and its measurement
Economic growth is understood as a process characterized by an increase in the mass of goods and services created in accordance with the volume and structure of emerging social needs. The root causes of the progressive development of the economy lie in the complex and contradictory links between social production and its ultimate purpose – […]
Time series forecasting
A time series is a time-ordered value of a predicted quantity. In practice, time series forecasting is most often used because of the availability of the initial data and the obviousness of the way to obtain a solution. To predict using regression or other models, it is necessary first, on the basis of theoretical ideas, […]
Representatives of the neoclassical school
Following A. Smith and K. Marx, the mechanisms of market competition were considered by representatives of the neoclassical school. Unlike their predecessors, they argued that the value of goods is created not in the process of production, but in the market, where individual estimates of the value of goods by individual sellers and individual buyers […]