Fundamental approaches and principles of forecasting

Objectivity and knowability of socio-economic processes serve as the theoretical foundation of forecasting. Based on the qualitative and quantitative analysis of real socio-economic processes, the identification of objective conditions, factors and trends in their development, forecasting is based on both general scientific and specific approaches and fundamental principles. Among the general approaches are the following. […]

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. […]