SHS Web Conf.
Volume 61, 2019Innovative Economic Symposium 2018 - Milestones and Trends of World Economy (IES2018)
|Number of page(s)||7|
|Section||Strategic Partnerships in International Trade|
|Published online||30 January 2019|
Analysis of Consumption on the Goods and Services Market in the Cybernetic Model of Selected Country
Institute of Technology and Business in České Budějovice, School of Expertness and Valuation, Okružní 517/10, 37001 České Budějovice, Czechia
* Corresponding author: firstname.lastname@example.org
The paper analyses the consumption on the goods and services market in the cybernetic model of Czechia. The theoretical basis is given by the consumption function in the short-term, the macroeconomic multiplier of the two-sector economy and the cybernetic model with the goods and services market. All the above-mentioned theory is applied to the real conditions of the selected country, which is the Czech Republic.
Key words: Cybernetic model / Goods and services market / Consumption / Macroeconomic multiplier
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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