Akademik Məlumat İdarəetmə Sistemi
37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.1590-1596
Socio-economic theory (political economy) on the basis of main structures of modern economic theory, rational utilization theory (economics) of limited resources and the existence of institutional economic theory have been based on. The major differences of the main parts of the economic theory are worked out in the investigation. Political economy is regarded as a fundamental socioeconomic basics, according to its methodological aspects and the subject matter, differing from the other component of modern economic theory; neoclassic and institutionalism. The increasing of service sector in economy and the declining of share of material production is noted. It has been noted that the modern society can be called as "service community" and it is pointless to claim for the nomination as "postindustrial society".