MARKET MECHANISMS FOR STABILIZING THE ECONOMIC SYSTEM

2021 ◽  
Vol 1 (7) ◽  
pp. 38-45
Author(s):  
A.S. Slavyanov ◽  
Keyword(s):  
Economic System ◽  
Public Procurement ◽  
Federal Programs ◽  
Market Mechanisms ◽  
Demand And Supply ◽  
Goods And Services ◽  
Elasticity Of Demand ◽  
Number Of Factors ◽  
Methodological Approaches ◽  
The Stability

The work included an analysis of the sustainability of the economic system. Methodological approaches to stabilizing the economic system based on the analysis of the spiderlike model of the market have been developed. It has been determined that the stability of the system depends on the elasticity of demand and supply in the market. A number of factors have been identified that have an impact on the elasticity of demand and supply, including the bank’s rate, production characteristics, consumer income, etc. Approaches have been developed to make the economic system more resilient by regulating public procurement of goods and services, tax incentives and federal programs.

scholarly journals Pemikiran Al-Ghazali Tentang Mekanisme Pasar Dan Penetapan Harga

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Indra Hidayatullah
Keyword(s):  
Market Mechanism ◽  
Price Determination ◽  
Fair Price ◽  
Market Mechanisms ◽  
Demand And Supply ◽  
Goods And Services ◽  
History Of ◽  
Natural Mechanism ◽  
Important Position ◽  
Price Demand

Market, country, individual and society have always been a hot topic of economic discussion. The market is one of the economic driver in a country that has an overall success can be seen from the market mechanism that carried out. The economic real good of the country is driven by market mechanisms that uphold freedom and justice. Hence, the market is free and impartial. The operation of a market will be determined by several factors such as price, demand and supply, distribution and specialization of workers. In case those factors run according to the rules in the country, the economy in the country will be stable certainly. The market is a natural mechanism for exchanging goods and services and it has been going on since the beginning of human changes. Islam places the market in an important position in the economy. The practices during the time of Rasulullah SAW and al-Khulafa> al-Ra>shidu>n showed a large market role. Rasulullah SAW really appreciated the price that was formed by the market as a fair price. In the history of economics world, several Islamic economies have emerged that raise scientific themes about market mechanisms, such as the thought of al-Ghazali. The book Ih}ya> ‘Ulu>m al-Di>n is one of his great works and one of the major works in the Islamic library. Although there are several other works of al-Ghazali in various fields of economics but the essence of his entire essay include his discussion of economics is the book Ih}ya> ‘Ulu>m al-Di>n. It provides features and characteristics of Islam in various sciences (moral, tas}awwuf, economic and other), be one source of economics. Al-Ghazali, an Islamic scholar has socio-economics thought, rooted in a concept called “the socioeconomic welfare function”. The concept based of all his works is the concept of mas}lah}ah or social welfare, which is the concept that covers all human activities and makes close relations between individual and society. Keywords: al-Ghazali thinking, market mechanism, price determination

scholarly journals Mekanisme Pasar Dalam Perspektif Ekonomi Islam

2018 ◽  
Vol 3 (1) ◽  
pp. 1
Author(s):  
Yenni Samri Juliati Nasution
Keyword(s):  
Supply And Demand ◽  
Market Price ◽  
Market Mechanism ◽  
Fair Price ◽  
Market Mechanisms ◽  
Role Of Government ◽  
Demand And Supply ◽  
Goods And Services ◽  
Important Position

The market is a mechanism for the exchange of goods and services that nature. The market price is formed by a variety of factors which later formed the demand and supply of goods and services. Consumer demand is influenced by many factors, such as price, consumer income, tastes, expectations and level <em>mashlahah</em>. Quote manufacturers also influenced by many factors, such as<em> mashlahah</em>, profits, and prices. Interaction of supply and demand will establish the balance point can be changed from the demand side or the supply, either due to the deviation of structured and unstructured deviation. Perfectly competitive market can generate a fair price for the seller and the buyer. Therefore, if the market mechanism is interrupted, then the fair price will not be achieved. Islam puts the market at an important position in the economy. And very concerned about the concept of a fair price and perfect market mechanism. So, the role of government is very important to better ensure the activities of market mechanisms as perfect as taking a policy of price intervention that is based on justice.

scholarly journals Enterprise development management through managed chaos

2019 ◽  
Vol 10 (5) ◽  
pp. 1626 ◽  
Author(s):  
Nataliia Kasianova ◽  
Elena Tarasova ◽  
Nataliia Kravchuk
Keyword(s):  
Economic System ◽  
Radical Change ◽  
Management Model ◽  
Optimal Time ◽  
Enterprise Development ◽  
Demand And Supply ◽  
Development Management ◽  
Industrial Enterprises ◽  
The Status ◽  
The Stability

The purpose of the study is to substantiate the feasibility of using the theory of chaos in the process of managing the industrial enterprises. One of the tools for managing chaos is proposed to be chaos engineering – a method of conducting planned experiments that give an idea of how the system can behave as a result of disturbances. The introduction of chaos engineering will allow for prediction of possible perturbations and prepare the system for a new attractor at an optimal time with minimal losses. The chaos management model of the economic system, which allows either a radical change in the status of the enterprise, its ability to influence demand and supply while maintaining the subjectivity of the development, or to promote antifragility of the enterprise, allows strengthening the stability of the economic system.

scholarly journals EVOLUTION OF SCIENTIFIC AND METHODOLOGICAL APPROACHES TO UNDERSTANDING THE ECONOMIC ESSENCE OF THE CONCEPT OF "COMPETITIVENESS"

2021 ◽  
Vol 23 (2(79)) ◽  
pp. 51-62
Author(s):  
I.V. GRYSHCHENKO ◽  
V.F. GRYSHCHENKO
Keyword(s):  
Economic Thought ◽  
Market Mechanisms ◽  
Goods And Services ◽  
Wide Range ◽  
Spatial Dimensions ◽  
Innovation Capacity ◽  
Basic Parameters ◽  
Modern Economic ◽  
Methodological Approaches ◽  
Business Entities

Topicality. The relevance of the research is because one of the main tasks to ensure sustainable economic development of Ukraine in modern economic conditions is to increase the level of competitiveness of both individual businesses and sectors of the economy (indicator 8.2, SDG 8). In addition, the number of existing approaches to the interpretation of the concept of "competitiveness" necessitates a careful selection of basic parameters for its calculation in practice, taking into account modern economic realities.Aim and tasks. The essence of the study is to systematize the main scientific and methodological approaches to the interpretation of the category of "competitiveness". Under this, the following tasks were identified: 1) to analyze the content of the category "competitiveness"; 2) to systematize the main stages of development of scientific and methodological approaches to understanding the concept of "competitiveness".Research results. Our analysis of literature sources has revealed a wide range of approaches to defining and clarifying the essence of the concept of "competitiveness". Having studied the literature on this issue, we were able to choose definitions that cover a wide range of definitions of "competitiveness" and reveal its essence through the prism of the main directions of economic thought. Currently, there is no single approach to its definition. Different researchers use the concept of "competitiveness" in different contexts and analyze it at different levels, such as international, national, regional, sectoral, local, entity level, individual product and/or service, with great differences in approaches to determining competitiveness factors in the temporal and spatial dimensions. This can lead to problems with understanding the essence of the concept of "competitiveness", measuring and calculating its specific values, and comparing them with each other.Conclusion. Most researchers theoretically describe competitiveness as a multidimensional relative concept and often associate it with market mechanisms. This concept is often considered by domestic and foreign scientists at the level of the national economy, industry, business entities, individual goods, and services very close to such concepts as ability, system, relative characteristics, opportunity, competitive advantage, result, and goal. In most cases, competitiveness can be defined as a complex indicator that covers a set of specific characteristics of the object under analysis, such as market share, productivity, and innovation capacity compared to an existing or imaginary benchmark.

scholarly journals Pemikiran Al-Ghazali Tentang Mekanisme Pasar Dan Penetapan Harga

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Indra Hidayatullah
Keyword(s):  
Market Mechanism ◽  
Price Determination ◽  
Fair Price ◽  
Market Mechanisms ◽  
Demand And Supply ◽  
Goods And Services ◽  
History Of ◽  
Natural Mechanism ◽  
Important Position ◽  
Price Demand

Market, country, individual and society have always been a hot topic of economic discussion. The market is one of the economic driver in a country that has an overall success can be seen from the market mechanism that carried out. The economic real good of the country is driven by market mechanisms that uphold freedom and justice. Hence, the market is free and impartial. The operation of a market will be determined by several factors such as price, demand and supply, distribution and specialization of workers. In case those factors run according to the rules in the country, the economy in the country will be stable certainly. The market is a natural mechanism for exchanging goods and services and it has been going on since the beginning of human changes. Islam places the market in an important position in the economy. The practices during the time of Rasulullah SAW and al-Khulafa> al-Ra>shidu>n showed a large market role. Rasulullah SAW really appreciated the price that was formed by the market as a fair price. In the history of economics world, several Islamic economies have emerged that raise scientific themes about market mechanisms, such as the thought of al-Ghazali. The book Ih}ya> ‘Ulu>m al-Di>n is one of his great works and one of the major works in the Islamic library. Although there are several other works of al-Ghazali in various fields of economics but the essence of his entire essay include his discussion of economics is the book Ih}ya> ‘Ulu>m al-Di>n. It provides features and characteristics of Islam in various sciences (moral, tas}awwuf, economic and other), be one source of economics. Al-Ghazali, an Islamic scholar has socio-economics thought, rooted in a concept called “the socioeconomic welfare function”. The concept based of all his works is the concept of mas}lah}ah or social welfare, which is the concept that covers all human activities and makes close relations between individual and society. Keywords: al-Ghazali thinking, market mechanism, price determination

Illicit Drugs: Price Elasticity of Demand and Supply

2002 ◽  
Author(s):  
William Rhodes ◽  
Patrick Johnston ◽  
Song Han ◽  
Quentin McMullen ◽  
Lynne Hozik
Keyword(s):  
Price Elasticity ◽  
Illicit Drugs ◽  
Demand And Supply ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

Methodological approaches to assessing the socio-economic system of the region

2018 ◽  
Vol 35 (2) ◽  
pp. 18-24 ◽  
Author(s):  
E. A. Bessonova ◽  
Y. V. Kelesh
Keyword(s):  
Economic System ◽  
Russian Federation ◽  
Federal District ◽  
Central Federal District ◽  
The Social ◽  
The Russian Federation ◽  
Methodological Approaches

The author's interpretation of the concept of «socio-economic system of the region» is given in the article. The main stages of methodologies for assessing the socio-economic system are considered. The methodology developed by the authors for assessing the development of the social and economic system of the region is based on the implementation of certain principles, compliance with a number of requirements and consisting of 8 stages. The developed methodology was tested in assessing the development of SES regions in the Central Federal District of the Russian Federation. 

A Study on Online Buying Behaviour of Consumers at Bhopal

2014 ◽  
Vol 4 (2) ◽  
Author(s):  
Arun Mishra ◽  
Dr. P. K. Chopra
Keyword(s):  
Young Generation ◽  
Small Cities ◽  
Demand And Supply ◽  
Goods And Services ◽  
Tier Ii ◽  
Product Pricing ◽  
Online Retailers ◽  
Youth Population ◽  
Buying Behaviour ◽  
Online Buying

Internet and its growing usage by young generation in India have changed the way consumers shop and buy goods and services. The Indian retail market is witnessing a revolution i.e. young consumers are playing important role in online shopping and looking towards Internet as a unique platform for selling online. In India the visitors of e-tailing sites are accounted to be 40% of youth population, which comprises of youngsters between 15 to 34 years of age. These visitors are part of Indian Internet Population. Not only metros but tier II and III cities are also attracting online retailers. Brand awareness and gap in demand and supply are the main reasons for popularity of online retailers in small cities like Bhopal in India. The study focuses on factors that online buyers consider while shopping online. Some of the factors identified in this research are; scarcity of time with the buyer, availability of payment options like COD, variety of products availability, product pricing, discounts and offers etc. The data is collected using a questionnaire on the sample of 100 people in the age bracket of 15 to 60 years and percentage analysis is done for analyzing the collected data.

scholarly journals Performance Evaluation of Heading-and-Winning Machines in the Conditions of Potash Mines

2021 ◽  
Vol 11 (8) ◽  
pp. 3444
Author(s):  
Sergey A. Lavrenko ◽  
Dmitriy I. Shishlyannikov
Keyword(s):  
Energy Efficiency ◽  
Experimental Studies ◽  
Efficiency Coefficient ◽  
Mechanized Method ◽  
Methodological Approaches ◽  
The Stability ◽  
Technical Solutions ◽  
Potash Mine ◽  
Complex Indicators ◽  
Potassium Magnesium

The authors focus on the process of potash ore production by a mechanized method. They show that currently there are no approved procedures for assessing the performance of heading-and-winning machines operating in the conditions of potash mines. This causes difficulties in determining the field of application of heading-and-winning machines, complicates the search for implicit technical solutions for the modernisation of existing models of mining units, prohibits real-time monitoring of the stability of stope-based technological processes and makes it difficult to assess the performance of the services concerning mining enterprises. The work represents an aggregate assessment of the performance of heading-and-winning machines for potash mines by determining complex indicators describing the technological and technical levels of organising the work in stopes. Such indicators are the coefficients of productivity and energy efficiency, respectively. Experimental studies have been carried out in the conditions of the potash mine of the Verkhnekamskoye potassium-magnesium salt deposit to assess the performance of the latest and most productive Ural-20R heading-and-winning machines manufactured in Russia. Using the above methodological approaches, this paper shows that the unsatisfactory technological performance of the studied machine is due to the low productivity of the mine district transport. The average productivity coefficient was 0.29. At the same time, high values of the energy efficiency coefficient show that the productivity of the machine is on par with design conditions.

Notes on Competition and Justum Pretium Theory and Practice in Medieval Italy

2018 ◽  
Vol 63 (3) ◽  
pp. 330-349 ◽  
Author(s):  
Marco Claudio Corradi
Keyword(s):  
European Union ◽  
Cognitive Biases ◽  
Theory And Practice ◽  
Market Mechanisms ◽  
Medieval Italy ◽  
Goods And Services ◽  
Pricing Theory ◽  
Market Variables ◽  
The One ◽  
Capitalist Spirit

Medieval Italian Comuni are often considered as one of the cradles of the modern capitalist spirit. Comuni introduced economic legislation in an attempt to counteract restrictions to competition on the one hand and to control the price of certain goods and services on the other. Price control of basic commodities was often motivated by reasons of public order – such as preventing commoners’ riots. Despite some loose analogies with the modern European Union competition law approach to pricing – namely in the area of excessive pricing – the Italian medieval Comuni pricing theory and practice substantially differed from the modern European Union one. Medieval theory struggled in reconciling market mechanisms with costs analysis and missed the distinction between efficiency and distribution. Moreover, medieval Comuni market variables were substantially divergent from the modern European ones. Despite Comuni being the wealthiest areas in Europe in those days, their consumers had significantly lower buying power, they were affected by different cognitive biases than modern consumers and they were highly segmented from a gender perspective. Medieval producers, that is artisans, did not enjoy the degree of market power that characterizes modern oligopolists. Artisans produced goods for merchants who were the main promoters of trade and economic development. Merchants often succeeded in squeezing artisans’ profits, granting consumers lower prices for manufactured goods, at times also thanks to free trade policies pursued by Comuni administrations.

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