MARKET MECHANISMS FOR STABILIZING THE ECONOMIC SYSTEM

UDC 338.2; 519.812.2
DOI: 10.36871/2618-9976.2021.07.005

Authors

Slavyanov A.S.
Associate Professor of the Department of Economics and Organization of Production Bauman Moscow State Technical University, Moscow. Russia

Abstract

The work included an analysis of the sustainability of the economic system. Methodological approaches to stabilizing the economic system based on the analysis of the spiderlike model of the market have been developed. It has been determined that the stability of the system depends on the elasticity of demand and supply in the market. A number of factors have been identified that have an impact on the elasticity of demand and supply, including the bank’s rate, production characteristics, consumer income, etc. Approaches have been developed to make the economic system more resilient by regulating public procurement of goods and services, tax incentives and federal programs.

Keywords

Spider-like market model
Market mechanisms
Elasticity of demand and supply
Stability of the economic system
Instability of the external environment