Basic models, essence, principles and functions of social market economy

Although Germany is a textbook example of a country with a social market economy, the history of this type of economic system goes far beyond the German experience. Socio-economic models used in different countries have a pronounced specificity depending on the achieved level of development, historical path and national traditions. Nevertheless, there are several models […]

The main stages and content of the transition period in the economy

The transition in the economy from one type of system to another is a process, i.e. a sequential change of states. This process can be fast or slow, straight or zigzag, progressive or even regressive, but in any case it means time-consuming changes in the economy. In other words, the transition is a path and, […]