Socio-economic law of the division of labor

The regularity of the division of labor is due to a historically objective process that creates the prerequisites for the economic, political and intellectual development of mankind. “Although the division of labor has not existed since yesterday,” noted the French sociologist E. Durkheim (1858-1917), “but only at the end of the last century did societies […]

Concept, composition and structure of working capital of the enterprise

Working capital is a set of funds advanced into working capital production funds and into circulation funds. Circulating production assets are a part of the enterprise’s funds, which is completely consumed during one production cycle, loses its natural form and completely transfers its value to the cost of finished products. Unlike fixed assets, which repeatedly […]

Corporate and bank loans as forms of lending to foreign trade

A company (commercial) loan is a credit relationship, the subjects of which are firms. In this case, payment is made before or after receipt of documents of title. In the first case, the lender is an importer who issues an advance (100% prepayment) to the exporter, but does not yet have documents of title and […]