Modern Transformation of Relations between Production and Consumption

Abstract

In this paper we study the antecedents and consequences of modern transformation which happens with relations between production and consumption. A theoretical justification of the thesis about blurring relationship between growth of consumer's opportunities and resource provision's improvement for human capital accumulation is proposed. The reason for this phenomenon is called the predominance of one from two forms of consumption expansion. Specifically, the predominance of the growth of consumer goods diversity, in comparison with increase of their availability is in our opinion the reason for weakening the positive impact of consumption growth on the accumulation of human capital. An empirical confirmation of this thesis is revealed in the analysis of variance in connection between scale of individual consumption and labor productivity in the group of European countries, as well as the U.S. and Japan.

Demographic Forecasts and Volatility of Investment Rates vs. Labor Productivity Trajectories

“…Therefore, for the description of investments they introduce a sinusoidally dependent function from time. The analyzes carried out by the authors show that an introduction of interest rates sine-dependent investments in time affects significantly the cyclicality of technical work equipment and labor productivity (Kudinova & Verba, 2014;Botrić, Božić, & Broz, 2017).…”

Assessment of the technological efficiency of production and consumption of EU countries in the context of circular economy

“…Literary sources distinguish between different types of efficiency, among which the three most frequently mentioned are: allocated, dynamic and technological (Bagdonavičius et al, 1999;Lukosevičius et al 2005;Tareck, 2023). Of these, the emphasis is on two: accommodative and technological (Zofio et al, 2013;Susaeta et al, 2016), where the former determines the return of a company using limited resources (AGPC, 2013) -in other words, its ability to produce and realise its products or services at the lowest possible price (Nabradi et al, 2009;Kudinova & Verba, 2014;Rabe et al, 2023). In the context of the CE, it is logical to speak about and calculate technological efficiency as representing the presence of the smallest possible amount of waste at the same or increasing production volumes.…”