Bankruptcy: the concept, causes and factors causing it

Bankruptcy is the insolvency of the debtor, which has or acquires a stable character, recognized by the economic court or lawfully declared by the debtor. In economically developed countries, bankruptcy is considered as a normal phenomenon of economic life. It is designed to play a crucial role in the system of functioning of the economy […]

Scorecard used in planning and forecasting

The basis for the development of planning, program and forecast documents are indicators that allow to comprehensively describe social and economic processes and phenomena, to form, present and justify the tasks of the plan, program, forecast for the projected period. An indicator is a qualitative and quantitative representation of an object: a socio-economic process, a […]