Selective method to statistics

Selective observation refers to non-continuous observation. At the heart of this observation is the idea that a randomly selected part of the units can represent the entire population of the phenomenon under study according to the characteristics of interest. The purpose of sampling observation is to obtain information for determining the summary generalizing characteristics of […]

Money market. Classical and Keynesian Theory of Demand for Money

The money market is a market in which a special commodity – money – is sold and bought. Its main elements are the demand for money, the supply of money, the price of money (interest rate). The role of money is performed not only by cash, but also by demand deposits, term deposits, etc. Therefore, […]