While the national income and GNP, state budget and balance of payments accounts record cash and material resource flows, the cash accounts are inventory accounts. Thus, the SNA accounts may reflect: Flows, which determine the activities of a given institutional unit for a certain period of time. Flows are carried out through operations and can […]
Tag: created
Theories of value
Studying the value of the goods is very difficult due to the following circumstances. Value cannot be detected directly on the surface of economic life, since it expresses internal economic relations invisible to the eye. In this regard, A. Smith divided the economic system into two types of relations: exogenous and endogenous (named so in […]
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. […]