Consumer Model of Economic Development

Sergey A. Surkov* and Ellen G. Trofimova
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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

Sumerianz Journal of Economics and Finance, 2018, vol. 1, issue 2, 64-73

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.

Keywords: Consumer model of development; Social and economic parameters; Over production. (search for similar items in EconPapers)
Date: 2018
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