In order for a person to change the program of his actions, he must, except in cases of direct physical coercion, first of all, change the way of his thoughts. Such changes to the programme of action may: purposefully organized by the individual himself (for example, in the process of education); be a natural consequence […]
Tag: possible
Economic thinking as a mechanism for the formation of various types of economic behavior
To answer the question of how economic thinking functions, we will simulate the mental processes as a result of which an individual forms and puts into practice a particular type of economic behavior. Starting this work, it is necessary to emphasize that any model is an abstraction that cannot be absolutized and which cannot be […]
Market equilibrium. Comparative statics
In general, the coordination of economic interests between participants in a complex process of production, distribution and consumption is most effectively carried out with the help of a market mechanism that acts as a regulator of interrelations between economic entities. In the main version of the market, in conditions of free competition, the producer and […]
National economy as an economic category
The national economy is a system of social reproduction that has historically developed within certain territorial boundaries. The material basis of the national economy is the totality of the productive forces united in the industry. Thus, the category of “national economy” is revealed through such categories as “productive forces”, “industries”, “intersectoral complexes”. Productive forces are […]
The concept of the foreign exchange market. Main types of currency markets
The international exchange of goods, services and capital requires the implementation of appropriate calculations, the implementation of which requires the exchange of one currency for another. As a result, importers, exporters, investors, trade intermediaries, other businessmen, tourists are forced to convert both national and foreign currency for the final settlement of foreign trade relations. Currency […]