A Mathematical Formalization Proposal for Business Growth

Gheorghe Bailesteanu () and Diana Târnăveanu

Informatica Economica, 2013, vol. 17, issue 1, 74-85

Abstract: Economic sciences have known a spectacular evolution in the last century; beginning to use axiomatic methods, applying mathematical instruments as a decision-making tool. The quest to formalization needs to be addressed from various different angles, reducing entry and operating formal costs, increasing the incentives for firms to operate formally, reducing obstacles to their growth, and searching for inexpensive approaches through which to enforce compliancy with government regulations. This paper proposes a formalized approach to business growth, based on mathematics and logics, taking into consideration the particularities of the economic sector.

Keywords: Formalization; Symbolism; Business Growth; Axioms; Theorems (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:aes:infoec:v:17:y:2013:i:1:p:74-85

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