ANALYSIS OF THE PREREQUISITES FOR THE FULFILLMENT BY ORGANIZATIONS OF THE CONDITIONS OF THE "GOLDEN RULE" OF BUSINESS ACTIVITY

UDC 338
DOI: 10.36871/ek.up.p.r.2022.01.01.005

Authors

Ilya A. Slobodnyak,
Irkutsk National Research Technical University, Irkutsk, Russia
Elizaveta I. Slobodnyak,
St. Petersburg State University of Economics, St. Petersburg, Russia

Abstract

The article deals with issues related to the presence in the modern economic system of prerequisites for organizations to achieve a situation where all the inequalities of the "golden rule" of business activity are met. The relevant prerequisites are considered from two perspectives. On the one hand, the relationship between the conditions of the "golden rule" and the basic laws of the functioning of the economic system, such as the law of diminishing productivity and the law of economies of scale, is analyzed. It is concluded that the operation of economic laws initially limits the intervals of key economic indicators that are considered in the analysis. Additionally, the situation in the Russian economy at the macro level is assessed in terms of the dynamics of similar macroeconomic indicators. The conclusion is made about the objective difficulty of fulfilling the conditions indicated in the "golden rule".

Keywords

analysis of business activity, the "golden rule" of business activity, analysis of dynamics, the law of diminishing productivity, the law of economies of scale.