Functions of economic theory

Studying economic phenomena and processes, laws and patterns of their course and development, the mechanism of management, economic theory performs three main functions. First, it is a cognitive function. It means that economic theory as a science serves people to learn complex, largely interdependent and intertwined processes of economic development, indistinguishable to superficial observation, to […]

Experience of regional management in Germany

The active development of the theory and practice of regional management in Germany dates back to the post-war period, when regional disproportions became particularly noticeable. On the other hand, the reason for the increased attention of the leadership to regional problems was the increase in the stable state of the national economy, which allowed the […]

General forecasting scheme using a regression dependency

In practice, not only the values of the predicted value for objects similar to the object of forecasting or this value itself in the past are most often known, but also other values that affect the predicted value or change together with it. In this case, they say that there is a connection between these […]

Classification of competitive advantages

The competitive advantage of the system (company, industry, country) is any exclusive value that the system possesses and which gives it superiority over competitors. There are various approaches to the classification of competitive advantages, we propose to classify them on the following grounds [16 pp.195-199]: In relation to the system (organization, country, etc.): External (in […]