The Uncertainty Factor in the Market Economic System: The Microeconomic Aspect of Sustainable Development

Henryk Dźwigoł ()
Additional contact information
Henryk Dźwigoł: Silesian University of Technology, Poland

Virtual Economics, 2021, vol. 4, issue 1, 98-117

Abstract: Opportunities for sustainable development of the business entity largely depend on the uncertainty factor, which, in particular, is expressed in the asymmetry of information. Due to the influence of this factor, forecasting the efficiency of enterprises becomes a difficult task. Every company must meet the requirements of modern reality and be open to new solutions. The purpose of this study is a microeconomic analysis of factors that affect the sustainable development of enterprises. The uncertainty condition is considered as an integral element of the modern concept of company management. Based on the analysis of the literature, personal observation and interviews with managers, the guidelines for building a modern microeconomic model of a market economy were identified, which can further become the basis for creating new organizational management models.

Keywords: uncertainty factor; market economic system; sustainable development; network organization; knowledge economy (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://virtual-economics.eu/index.php/VE/article/download/106/78 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aid:journl:v:4:y:2021:i:1:p:98-117

DOI: 10.34021/ve.2021.04.01(5)

Access Statistics for this article

Virtual Economics is currently edited by Aleksy Kwilinski

More articles in Virtual Economics from The London Academy of Science and Business
Bibliographic data for series maintained by Aleksy Kwilinski ().