Accounting in maintaining the economic equilibrium
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This paper investigates the question of economic equilibrium in the context of national economy, using the cost function of production to find the solution to this problem. It also examines the possibility of determining the total value of wages that keep the economy in the state of balanced growth. Autonomous systems last if they are able to maintain equilibrium. Maintaining economic equilibrium in families, com-panies and national economy is a major social and economic task. Theory and practice of accounting can be seen as a tool useful in maintaining the economic equilibrium. Unconventional use of accounting can help maintain equilibrium in families, companies and the entire economy. In particular, the cost function describing economic activities and the derived wage model are useful devices for keeping a stable path of economic growth. The application of S. Banach’s fixed point theorem allows for quantitative solutions required for determination of the path of sustainable development of the national economy.
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