Innovation

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Reasoned Economic Innovations for General Equilibrium Competition

Received: 5 February 2024    Accepted: 22 February 2024    Published: 7 March 2024
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Abstract

When some win, others lose, and this is a natural competitive process in an equilibrium economy. With objective competition of general equilibrium, maximum efficiency and optimal use and redistribution of resources are achieved. But some hidden external and internal monopolies interfere with such equilibrium in the microeconomic markets sectors, including entire regions and industries. Accordingly, equilibrium competition is disrupted, which requires adequate unexpected innovative protective mechanisms of the state and the international community. If government economic departments or corporate management watch all criminal activity of hidden monopolies with their hands folded in pockets, a temporary disruption of effective equilibrium competition could lead to protracted stagnation and “thrombotic shocks” in local and international markets. For an example of applying the above in practice, when predatory monopolies import agricultural products at artificially low dumping prices, which ruins even very successful local businessmen, it is necessary to establish import-substituting free zones with a reasonably calculated minimum tax to stimulate exports. In objects to recommend innovative economic (fiscal-managerial) mechanisms for maintaining effective equilibrium competition, in the article, using the methods of grouping and summarizing statistical data, a preliminary assessment of countries in need of international and government support was carried out and results were obtained to improve the proportions in the core of market competition and for ease the burden of reasoned free zonal taxation.

DOI 10.11648/j.innov.20240501.17
Published in Innovation (Volume 5, Issue 1, March 2024)
Page(s) 64-69
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

General Equilibrium Competition, Market Sector, Tax Mechanism

References
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    Lordkipanidze, R. (2024). Reasoned Economic Innovations for General Equilibrium Competition. Innovation, 5(1), 64-69. https://doi.org/10.11648/j.innov.20240501.17

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    Lordkipanidze, R. Reasoned Economic Innovations for General Equilibrium Competition. Innovation. 2024, 5(1), 64-69. doi: 10.11648/j.innov.20240501.17

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    Lordkipanidze R. Reasoned Economic Innovations for General Equilibrium Competition. Innovation. 2024;5(1):64-69. doi: 10.11648/j.innov.20240501.17

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  • @article{10.11648/j.innov.20240501.17,
      author = {Revaz Lordkipanidze},
      title = {Reasoned Economic Innovations for General Equilibrium Competition},
      journal = {Innovation},
      volume = {5},
      number = {1},
      pages = {64-69},
      doi = {10.11648/j.innov.20240501.17},
      url = {https://doi.org/10.11648/j.innov.20240501.17},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.innov.20240501.17},
      abstract = {When some win, others lose, and this is a natural competitive process in an equilibrium economy. With objective competition of general equilibrium, maximum efficiency and optimal use and redistribution of resources are achieved. But some hidden external and internal monopolies interfere with such equilibrium in the microeconomic markets sectors, including entire regions and industries. Accordingly, equilibrium competition is disrupted, which requires adequate unexpected innovative protective mechanisms of the state and the international community. If government economic departments or corporate management watch all criminal activity of hidden monopolies with their hands folded in pockets, a temporary disruption of effective equilibrium competition could lead to protracted stagnation and “thrombotic shocks” in local and international markets. For an example of applying the above in practice, when predatory monopolies import agricultural products at artificially low dumping prices, which ruins even very successful local businessmen, it is necessary to establish import-substituting free zones with a reasonably calculated minimum tax to stimulate exports. In objects to recommend innovative economic (fiscal-managerial) mechanisms for maintaining effective equilibrium competition, in the article, using the methods of grouping and summarizing statistical data, a preliminary assessment of countries in need of international and government support was carried out and results were obtained to improve the proportions in the core of market competition and for ease the burden of reasoned free zonal taxation.
    },
     year = {2024}
    }
    

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  • TY  - JOUR
    T1  - Reasoned Economic Innovations for General Equilibrium Competition
    AU  - Revaz Lordkipanidze
    Y1  - 2024/03/07
    PY  - 2024
    N1  - https://doi.org/10.11648/j.innov.20240501.17
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    T2  - Innovation
    JF  - Innovation
    JO  - Innovation
    SP  - 64
    EP  - 69
    PB  - Science Publishing Group
    SN  - 2994-7138
    UR  - https://doi.org/10.11648/j.innov.20240501.17
    AB  - When some win, others lose, and this is a natural competitive process in an equilibrium economy. With objective competition of general equilibrium, maximum efficiency and optimal use and redistribution of resources are achieved. But some hidden external and internal monopolies interfere with such equilibrium in the microeconomic markets sectors, including entire regions and industries. Accordingly, equilibrium competition is disrupted, which requires adequate unexpected innovative protective mechanisms of the state and the international community. If government economic departments or corporate management watch all criminal activity of hidden monopolies with their hands folded in pockets, a temporary disruption of effective equilibrium competition could lead to protracted stagnation and “thrombotic shocks” in local and international markets. For an example of applying the above in practice, when predatory monopolies import agricultural products at artificially low dumping prices, which ruins even very successful local businessmen, it is necessary to establish import-substituting free zones with a reasonably calculated minimum tax to stimulate exports. In objects to recommend innovative economic (fiscal-managerial) mechanisms for maintaining effective equilibrium competition, in the article, using the methods of grouping and summarizing statistical data, a preliminary assessment of countries in need of international and government support was carried out and results were obtained to improve the proportions in the core of market competition and for ease the burden of reasoned free zonal taxation.
    
    VL  - 5
    IS  - 1
    ER  - 

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Author Information
  • Business Technology Faculty’s Tourism and Marketing Department, Georgian Technical University, Tbilisi, Georgia

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