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Consumer Model of Economic Development

Author

Listed:
  • Sergey A. Surkov*

    (International Institute of Management LINK (http://www.ou-link.ru/link/), Moscow, Russia)

  • Ellen G. Trofimova

    (Russian Medical Academy of Continuous Professional Education, Moscow, Russia)

Abstract

The basic laws of the society development according to the consumer model were considered. Expressions for GDP per capita for various countries and for the whole world, in general, were received. The values calculated on these regularities were compared to real data, and good compliance was obtained between them. In addition, expressions have been derived for levels of overproduction, on the basis of which a conclusion is made about the approaching crisis.

Suggested Citation

  • Sergey A. Surkov* & Ellen G. Trofimova, 2018. "Consumer Model of Economic Development," Sumerianz Journal of Economics and Finance, Sumerianz Publication, vol. 1(2), pages 64-73, 07-2018.
    • Handle: RePEc:sum:sjefsm:2018:p:64-73
    as

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    References listed on IDEAS

    as
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    3. Anonymous, 1960. "International Monetary Fund," International Organization, Cambridge University Press, vol. 14(1), pages 210-211, January.
    4. Anonymous, 1960. "International Monetary Fund," International Organization, Cambridge University Press, vol. 14(3), pages 468-472, January.
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