The law of value is an objective law of the development of commodity production, according to which the production and exchange of goods are carried out in accordance with value, i.e. socially necessary labor costs. It requires the reduction of individual working time to socially necessary, individual value – to social, as well as to […]
Tag: Permanent
Iterative solution of the problem
Problem Statement Let’s assume that in the market of one product, the demand function D(t) and the supply function S(t) are linear functions of the price P(t) at time t or the price P(t-1) of the previous point in time. Demand function: D(t) = α + A* P(t), […]
The essence, types and functions of wages, the principles of its organization
The solution to the problem of increasing labor productivity largely depends on the material interest of the employees of the enterprise, which is reduced to an increase in their incomes. A special, central role in the structure of an employee’s income belongs to wages. Both now and in the coming years, it remains the main […]