MODEL OF AGGREGATE EXPENDITURE IN CLOSED PRIVATE MARKET ECONOMY - THEORETICAL ASPECT

Authors

  • Tsvetan Iliev University of agribusiness and rural development

Keywords:

consumption, investment, saving, aggregate costs in the economy

Abstract

The subject of this study is a model of the closed private market economy, and the subject of research is the role of the main factors at the level of production and employment  without the state participation  and without an  external sector, excluding the flows of exports and imports. For the purposes of the current research , we use quantitative indicators that illustrate the flow of aggregate expenditure in a closed national economy.

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Economics and management