The Study of Economy Dynamics Social Structures

The study of the dynamics of economic social structures is a way to understand the evolution of stability, complexity and growth of economic systems. It reveals a myriad of patterns that require further study and research, such as inhomogeneous growth between regions and societies, ongoing financial and economic instability that is accompanied by periods of relative stability, temporal and spatial patterns of technological and innovation changes, as well as skewed income and wealth distributions. The complexity of the processes that create these patterns makes understanding them a daunting problem.

The theory of economic structure is based on how these changes in social structures are interrelated with changes in the economy in general. Some of these changes are the direct result of economic growth, whereas others occur in isolation or in response to initial conditions or other factors that influence growth and social structure.

A significant aspect of the economy's dynamics is that a country's structure of production determines its economic performance. It influences the rate of innovation at the firm level as well as the extent of diversification within the economy, and also the length of ladders that are used to get jobs. It also affects the introduction of new technology and the development of economies and the competitiveness, productivity of workers and the profitability of various goods.

In addition, the growth of a society depends on its capacity to distribute the positive effects of economic growth to all Website segments of the population. It is also essential to build stable institutions that prevent the concentration of property rights. The rising inequality that is a result of the growth of economics is not just dependent on the structure of the economy but also a result of the failure of governments to create inclusive institutions and to prevent the growing concentration of wealth in a tiny number of hands.