Among the main directions of economic theory, we distinguish three: classical, Marxist and Keynesian. Classical economic theory developed in the XVIII century in England. Its first representative was Adam Smith. He was born in Scotland in the family of a customs official. He was educated at two universities – in Glasgow and in Oxford – […]
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Conditional example of analytical calculation based on MSM
General scheme Suppose that the economy in question consists of only two branches (industry and agriculture), the distribution of products of which is reflected in Table. 6.7. Table 6.7 Resource requirements by component General diagram of the original version of the conditional example Industries- Consumers Industries- Manufacturers Intermediate consumption Final Product (KP) Gross Domestic Product […]
General demographic situation in the world
In the last fifty years, the world’s population has been growing at an ever-increasing rate. So, if in 1750 the world’s population was about 0.5 billion people, then in 100 years it doubled, in another 100 years it increased by 2.5 times, and by 2050, if the emerging trends continue, it will grow more than […]
Budget deficit and public debt
Ideally, the total amount of government revenues should cover the amount of expenditure items of the state budget. In the event that budget expenditures are equal to revenues, the budget is considered balanced, if revenues exceed expenditures, there is a surplus of the state budget; when expenditures exceed revenues, then there is a deficit of […]
Leasing as a method of lending to foreign economic activity
Leasing is a long-term rental of machinery and equipment, vehicles, a way to finance investments, alternative to bank lending, and boost sales. This form of lending has been used since the 50s. In the 60-70s, multinational leasing companies arose. Such companies provide companies with equipment, ships, aircraft, etc. for rent for a period of 3 […]