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 […]
Tag: growth
Overall macroeconomic equilibrium
Aggregate Demand and Aggregate Supply Model (AD-AS) The equilibrium of supply and demand in the national economy is reached at the intersection of the aggregate demand and aggregate supply curves (Figure 8.2). Suppose the price level is P1. At this level, supply would be Q1 and demand would be Q2. Since demand exceeds supply, competition […]
Aggregate demand and aggregate supply: concepts, structure and factors that determine them
The section “Microeconomics” analyzes the demand, supply and price of individual goods in single markets. In the section “Macroeconomics” these categories are considered at the level of the national economy. Therefore, here the concepts of “demand”, “supply” and “price” are applied to all products and services created in the country, i.e. to the national product. […]
International regulation of bills
As noted above, the doctrine of formality dominates the bills, i.e. the absence of at least one of the details stipulated by the law entails the invalidity of the document itself. This principle prevented the widespread use of bills in international trade, since each state provided for its own requirements for the bill (a strict […]