The development of social phenomena in time is called dynamics. A number of statistical indicators characterizing the development of social phenomena in time are called series of dynamics. The importance of the series of dynamics is that they make it possible to identify the patterns of development of phenomena, facilitate their analysis. Each row consists […]
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Simulation of the process of achieving equilibrium
The equilibrium price can be interpreted as a “fair” exchange price, which is established as a result of numerous paired transactions between sellers and buyers. This state of equilibrium is remarkable in that it is completely satisfied with demand, and there is no excessive production of goods, i.e. there is no overproduction of the product […]
Concept, composition and structure of the company's personnel
The personnel of the enterprise is the totality of all employees of the enterprise, ensuring the implementation of its functions. This is the main resource of the enterprise, on the use of which the efficiency of the enterprise depends. The personnel of the enterprise by the nature of participation in the production process is divided […]
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. […]