The law of value - the economic law of commodity production

The law of value is an objective law of the development of commodity production, according to which the production and exchange of goods are carried out in accordance with value, i.e. socially necessary labor costs. It requires the reduction of individual working time to socially necessary, individual value – to social, as well as to […]

Incomes of the population and mechanisms of their distribution

The total incomes of the population, their level, structure, methods of obtaining and differentiation are indicators of the economic and social well-being of society. Their distribution has a pronounced socio-political coloring, predetermining property and social differentiation. The traditional dispute between proponents and opponents of government regulation in the area of distribution boils down to the […]

Open account payments. Bank transfer

The procedure for making settlements for imported and exported goods (services) is regulated by the legislation of the Republic of Belarus, and is also subject to international rules for documenting and paying for payment documents. All settlements related to the export and import of goods and services are carried out through authorized banks. Payment of […]