In order for human society to exist, the process of producing goods and services must be continuous. The process of production, seen as a continuous, renewable, repetitive process, is reproduction. Reproduction can be: individual – when considered within the framework of the household or entrepreneurial firm; public – taken on the scale of the entire […]
Tag: Production
Resources and factors of production
The creation of material and spiritual goods and services requires resources and factors of production. What does economic theory mean by these categories? The resources of production are a set of material and financial means, natural, social and spiritual forces that can be used in the process of creating goods, services and other values. In […]
The essence of production and its relationship with needs
At whatever stage of historical development human society would be, people, in order to live, must have food, clothing, housing and other material benefits. The means of subsistence necessary for man must be produced. Their manufacture is carried out in the production process. That is why production is an objective necessity. So what is manufacturing? […]
The Second Stage of Economic Sociology
The second stage (50-70s) is associated with the structural and functional direction of theoretical sociology (T. Parsons, R. Merton, N. Smelser, K. Davis, D. Moore, and others), which is trying to correlate the economy with other subsystems of social life. Unlike the first stage, when the economy was seen as a whole, it is now […]