Abstract
An economist is a professional paid for making wrong economic decisions…While organising a successful business system we can expect that any small internal or external changes can trigger disproportionate responses within the network of international connections and business perspective of the investors. To assume the future development of economy is a problem, nevertheless the economists are trying to find a way of applying the new knowledge if they want to predict the future of certain situations in the real economic system.
Highlights
An economist is a professional paid for making wrong economic decisions
To assume the future development of economy is a problem, the economists are trying to find a way of applying the new knowledge if they want to predict the future of certain situations in the real economic system
Neoclassic microeconomics describes the economic system in the following way: – determination of the optimal conditions at which the situation is the equilibrium of defined values, – following these conditions the microeconomics theory can show what processes appear if the system is not in the optimal position and how it will follow the path to the equilibrium, – the initial optimum does not have to be so called Pareto’s and microeconomics can decide if it is that or not, – if there is not an optimum microeconomics can suggest the Pareto’s processes for improvement or it can demonstrate which real processes can lead to the Pareto’s improvement
Summary
An economist is a professional paid for making wrong economic decisions. While organising a successful business system we can expect that any small internal or external changes can trigger disproportionate responses within the network of international connections and business perspective of the investors. To assume the future development of economy is a problem, the economists are trying to find a way of applying the new knowledge if they want to predict the future of certain situations in the real economic system
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Communications - Scientific letters of the University of Zilina
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
