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AUTHOR(S): Yegana Alikhanli, Elvin Abdullayev
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TITLE About a Function Leading Economic System to Bifurcation Point |
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ABSTRACT Globalization, which replaced economic integration, has set new goals for economists. A unified economic zone removes distribution boundaries of a particular economy, changes scale of economic activity, and impact from external factors becomes an important element of economic system. Those facts not only explain a certain stage in creating economic relationships, but also entirely change major paradigms of economic concepts. As any physical or natural system, economy passes through order and chaos stages during its development. |
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KEYWORDS non-linearity, bifurcation, extremum of function, catastrophe theory |
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Cite this paper Yegana Alikhanli, Elvin Abdullayev. (2020) About a Function Leading Economic System to Bifurcation Point. International Journal of Economics and Management Systems, 5, 292-295 |
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