When modeling consumer demand, the same level of utility of different combinations of consumer goods is graphically displayed using the indifference curve. In economic and mathematical models of production, each technology can be graphically represented by a point, the coordinates of which reflect the minimum required expenditure of resources K and L for the production […]
Tag: Production
Investment climate of the regions and ways to improve it
Methods of measuring the state of the investment climate. To analyze the conditions for the rational use of investments in economic science and practice, the category of investment climate is used. The investment climate of the region is a generalized characteristic of the totality of social, economic, organizational, legal, political, socio-cultural prerequisites that predetermine the […]
Essence, objectives and principles of planning
In a market economy, planning occupies an important place in the system of internal management. Planning is the process of developing, justifying, organizing and monitoring the implementation of plans. This is a continuous process of determining the goals and ways to achieve them, as well as assessing the possible impact of decisions on the final […]