In economic science, there are two diametrically opposed approaches to determining the essence and size of the price of goods. The first is represented by the classical concept of pricing, based on the labor theory of value, according to which each commodity has a “value” and a “price”. Value is the socially necessary labor costs […]
Tag: Production
The concept and main elements of the mechanism of market functioning
Starting to consider this issue, it is necessary to emphasize that the modern economy is a numerous constant flows of goods and services moving towards each other from the most remote points of national economies and the world community. And only the market connects the producers of these goods and services, who communicate in the […]
Subjects and objects of ownership
Subjects of property are understood as specific people (groups) who enter into property relations among themselves. The subjects of property can be an individual, a collective of people, society as a whole. This is determined by the accepted way of personification of property: the approach is either mono-subject or polysubjective. The latter, in turn, can […]
Geometric interpretation of optimization problems of linear programming
Suppose it is necessary to find the optimal plan for the production of two types of products (x1 and x2), i.e. such a plan in which the target function (total profit) would be maximum, and the available resources would be used in the best way. The task conditions are shown in the table: Type of […]