In accordance with the Law of the Republic of Belarus “On Economic Insolvency (Bankruptcy)”, the system of measures for the bankruptcy of an enterprise involves a number of procedures. The bankruptcy procedure is an event applied in relation to the enterprise – the debtor. The main purpose of these measures is to resolve property disputes […]
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Diversification of production
Diversification of economic activity is the expansion of the activity of large firms, associations, enterprises and entire industries beyond the core business, which is understood as the production of goods and services that have the maximum share in net sales compared to other types of products. Diversification – in a broad sense – a strategic […]
Calculation of total labor costs, profits, value added and capital
Calculation of total labor costs. However, it would be wrong to limit ourselves to taking into account the costs of an intermediate product (services) for our purposes. There are still many factors that should be taken into account when assessing internal costs in full. Among them: the costs of labor and capital on production, as […]
Planning with Optimization Models
Optimization models are based on the selection of the optimal option from a variety of possible ones by comparing them according to the optimization criterion (s). The optimization economic-mathematical model consists of a target function and a system of constraints. The objective function describes the purpose of optimization and reflects the dependence of the indicator […]
The Relationship Between Unemployment and Inflation: The Phillips Curve
The English economist Phillips in the late 50s found a relationship between the unemployment rate and wage growth. Analyzing data for more than a hundred years, he came to the conclusion that there is a certain level of unemployment (6-7%), at which the level of wages is constant and its increase is zero. When unemployment […]