The main goal and factor of production, its development and improvement is a person. As a participant in the production, he performs in three persons. On the one hand, man is a producer directly involved in the creation of goods and services. On the other hand, he is a consumer using everything that is obtained […]
Tag: subject
Representatives of the neoclassical school
Following A. Smith and K. Marx, the mechanisms of market competition were considered by representatives of the neoclassical school. Unlike their predecessors, they argued that the value of goods is created not in the process of production, but in the market, where individual estimates of the value of goods by individual sellers and individual buyers […]