Program-target method

The program-target method acts as the most important method of solving complex problems, usually of an interdepartmental nature. It involves doing the following: target analysis (goal decomposition); building a hierarchy of goals and identifying their interrelations and mutual influence; development and implementation of a program that ensures the achievement of goals. Goal decomposition is the […]

Inflation: essence, causes, types and consequences

The term inflation (from the Latin inflatio – swelling) was first used in North America during the Civil War (1861-1865) and denoted the process of swelling of the paper and money supply. Inflation is a multifactorial phenomenon that manifests itself in the overflow of the sphere of circulation with paper money in excess of the […]

Terms of payment

When determining the terms of payment, the contract usually establishes: the currency of payment, the payment term, the method of payment and the form of settlement, as well as reservations for reducing or eliminating currency risk. At the conclusion of the contract of sale, it is established in which currency the payment for the goods […]