Jarosław Michał Nazarczuk, Stanisław Umiński
The establishment of Special Economic Zones (SEZ), and other types of privileged areas, is a common policy approach adopted by countries in order to attract domestic and foreign capital, increase exports or employment, increase trade openness or facilitate minor economic transitions within the country. By setting a preferential business climate, with lower taxes and tariffs made available in a restricted territory, governments promote investment inflow and encourage flourishing businesses to grow and cluster within zones, thus generating positive spill-over effects to the neighbouring areas.
Ivana Kraftová, Iveta Doudová, Radim Miláček
In July 2014, the German agency GTAI (Germany Trade & Invest) released a comprehensive document named Industry 4.0 with a subtitle, Smart Manufacturing for the Future, identifying Germany as a potential global leader in digital economy development based on the definition of Industry 4.0. (MacDougall, 2014) When the elements of electronics and information technology in industrial processes were used in the late 1960s, the imaginary door opened to the start of the industrial revolution, the fourth in row.
Miroslava Knapková, Alena Kaščáková
Households represent one of the economic subjects entering to the market mechanism. The microeconomic theory focuses on households mostly as units of consumption, savings, partly as production units. Households participate on the side of the supply as well as on the side of the demand (Samuelson & Nordhaus, 2013; Mankiw, 1999). Households´ specific status on the supply side arises from the fact that households offer their ability to work at the labour market. When considering households on the demand side, mostly demand for goods and services that satisfied households´ needs must be included.
Julius Janáček, Dan Šťastný
The economic science has for centuriesanchored its endeavor to understand decisionmakingpatterns of people in explicit or implicitassumptions of utility maximization. And yet,for most of that time the utility remained anempty box, devoid of any content. The termutility was a scholarly short-hand for whateverpeople want to achieve and remained vague fora reason: in recognition of the subjective natureof what human preference it was designedto accommodate just about anything, and itwas after all considered none of economists’business to speculate about its precise content.