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Economic Computation and Economic Cybernetics Studies and Research, Issue 1/2017, Vol. 51 ___Associate Professor Michal OLTS, PhD Email: michal.soltes@tuke.sk Technical University of Koice, Slovak
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What is economic computation and economic?
Economic computation refers to the quantitative analysis and modeling of economic phenomena, involving the use of computation methods to derive insights from economic data. Economics, on the other hand, is the social science that studies the production, distribution, and consumption of goods and services.
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Typically, businesses, organizations, and individuals who engage in economic activities that require reporting to regulatory authorities, such as tax filings or economic assessments, are required to file economic computation.
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Filling out economic computation requires gathering accurate data regarding income, expenses, and financial activities. This data should be organized according to the forms or software specified by the regulatory body, following guidelines outlined in their instructions.
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The purpose of economic computation is to enhance understanding of economic conditions, facilitate data-driven decision-making, and ensure compliance with economic regulations, thereby supporting policy formulation and economic planning.
What information must be reported on economic computation and economic?
The information typically reported includes revenue streams, expenses, profits, losses, and other financial metrics pertinent to the economic activity in question, as well as any relevant demographic or operational data.
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