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Scientific paper - Other
Application of Economic Functions
In: International Scientific Conference Employment, Education and Entrepreneurship. Beograd: Faculty of Business Economics and Entrepreneurship, 2023. pp. 23-29. urn:nbn:hr:277:154592
Radišić, Bojan; Radman-Funarić, Mirjana; Bertelović, Glorija

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Radišić, B., Radman Funarić, M. & Bertelović, G. (2023). Application of Economic Functions. International Scientific Conference Employment, Education and Entrepreneurship (pp. 23-29). Beograd: Faculty of Business Economics and Entrepreneurship. Retrieved from https://urn.nsk.hr/urn:nbn:hr:277:154592

Radišić, Bojan, et al. "Application of Economic Functions." International Scientific Conference Employment, Education and Entrepreneurship, Faculty of Business Economics and Entrepreneurship, 2023, pp. 23-29. https://urn.nsk.hr/urn:nbn:hr:277:154592

Radišić, Bojan, Mirjana Radman Funarić and Glorija Bertelović. "Application of Economic Functions." In International Scientific Conference Employment, Education and Entrepreneurship, 23-29. Beograd: Faculty of Business Economics and Entrepreneurship, 2023. Accessed 2024 December 26. https://urn.nsk.hr/urn:nbn:hr:277:154592

Radišić, B., Radman Funarić, M. and Bertelović, G. (2023) 'Application of Economic Functions', International Scientific Conference Employment, Education and Entrepreneurship, Faculty of Business Economics and Entrepreneurship, Beograd, pp. 23-29. Available at: https://urn.nsk.hr/urn:nbn:hr:277:154592 (Accessed 26 December 2024)

Radišić B, Radman Funarić M, Bertelović G. Application of Economic Functions. International Scientific Conference Employment, Education and Entrepreneurship. Beograd: Faculty of Business Economics and Entrepreneurship; 2023. Pp. 23-29. [cited 2024 December 26] Available at: https://urn.nsk.hr/urn:nbn:hr:277:154592

B. Radišić, M. Radman Funarić and G. Bertelović, "Application of Economic Functions", International Scientific Conference Employment, Education and Entrepreneurship Beograd: Faculty of Business Economics and Entrepreneurship, 2023. [Online] Available at: https://urn.nsk.hr/urn:nbn:hr:277:154592 [Accessed: 26 December 2024]

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Metadata
Title (english)Application of Economic Functions
AuthorBojan Radišić
AuthorMirjana Radman-Funarić
AuthorGlorija Bertelović
Author's institutionJosip Juraj Strossmayer University of Osijek
Faculty of Tourism and Rural Development in Pozega
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
Economic functions are the backbone of business, a crucial concept in economics. They describe therelationship between different economic variables and play a significant role in modeling real economic situations. Economic functions enable drawing conclusions about how changes in factors like prices, income, or consumer preferences will affect demand, supply, and prices. The goal in most economic situations is to achieve optimal outcomes, such as profit maximization or cost minimization. Cost functions, as one of the economic functions, allow the application of mathematical methods like differential calculus to determine the best actions or resources that will achieve economic goals. Economic functions are a tool that helps economists quantitatively analyze economic phenomena, make decisions, and shape policy. Their use contributes to a better understanding and management of the economy, aiding in the development and interpretation of economic concepts such as supply and demand. Knowledge of economic functions is crucial for understanding and improving business.
Keywords (english)
Languageenglish
Publication typeScientific paper - Other
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Publication titleInternational Scientific Conference Employment, Education and Entrepreneurship
Numberingpp. 23-29
ISBN978-86-6069-216-2
URN:NBNurn:nbn:hr:277:154592
Publication2023
ConferenceTitle: 12th International Scientific Conference Employment, Education and Entrepreneurship
Location: Beograd, Serbia
Start date: 2023-10-26
End date: 2023-10-28
Assembly type: Lecture
Document URLhttps://eee-conference.com/wp-content/uploads/2023/12/Thematic_Proceedings_EEE2023.pdf
Type of resourceText
PublisherFaculty of Business Economics and Entrepreneurship
Publishing placeBeograd
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2024-03-20 13:49:59