Offer functions and their properties

The supply function S(p) describes the relationship between the market price of a good and its supply in an isolated market for that good. In general, it should be assumed that the product in question is produced at a sufficiently large number of competing enterprises. In such a situation, it is natural to assume that […]

Small countries of "concession development"

The subgroup includes Jamaica, Suriname, Trinidad and Tobago, Gabon, Botswana, Papua New Guinea. In these countries, large reserves of oil, bauxite, copper were found, the development of deposits is carried out by concessions of the largest mining corporations. The economies of these countries are largely dependent on the prices of the world market for mining […]

Ways to improve the sectoral structure Industry

The changes taking place in the world economy, to a greater or lesser extent, draw the Belarusian economy and, above all, its industry into its orbit.  The world in the last quarter of the twentieth and early twenty-first centuries is experiencing a deep technological crisis, which is associated with the extinction of the industrial, the […]


The role of the service sector has recently been increasing in the structure of the economy of Belarus. Employment in it is growing at a fairly high rate and today accounts for more than 1/3 of the total number of employees. The service sector has a strong influence on the location of industry. Cities and […]