Forms and systems of remuneration

In the modern understanding, the form and system of remuneration can be defined as organizational and economic mechanisms for correlating the costs and results of labor of an employee with the amount of wages due to him. Forms of remuneration are ways of determining the dependence of the amount of wages of employees on the […]

Money Market Equilibrium

The money market model combines the supply and demand of money. At first, for the sake of simplicity, we can assume that the supply of money is controlled by the Central (National) Bank and fixed at the level of . The price level will also be assumed to be stable, which is quite acceptable for […]