Analysis and Impact of Factors Influencing Supply and Demand of Wine

Abstract

The paper presents the state, importance, risks, and other factors regarding wine supply and demand. Vine cultivation and wine production, as part of agricultural production, contribute to a certain extent to the gross domestic product in several ways. There is a noticeable increase in vineyards and private wine production. This paperwork is mostly based on the results of the master’s thesis research by the first co-author mentioned, Dejan Obucinski, called "Economics of sustainable wine production and supply in the Republic of Serbia." Presenting the state of wine supply and demand contributes to overcoming risks in the wine business, which will be presented and considered in this paper from the economic level of an organizational perspective, i.e., by using one of the multi-criteria decision-making methods for the structural analysis of a complex system.