Model ekonomije slobodnog tržišta
Free Market Economy Model
Author(s): Dominika Crnjac MilićSubject(s): Financial Markets
Published by: Sveučilište Josipa Jurja Strossmayera u Osijeku, Ekonomski fakultet u Osijeku
Keywords: Market; dual; model; economy; transponed vector; optimisation; profit; resource;
Summary/Abstract: A model of economy relying on the free market principle is presented in this paper. In practice, in addition to the primary model there is also a dual model. The quantity of produced goods is taken as the primary variable, and calculated price is used as the dual variable. We will see to what extent economic principles model the economy. It will be shown that in economic balance all companies behave like they belong to a single large company which maximises its profit.
- Issue Year: 24/2011
- Issue No: 2
- Page Range: 348-351
- Page Count: 5
- Language: Croatian