Peculiarities of Establishing Social Standards in the Context of Consumer Expenses in Ukraine
Journal Title: Бізнес Інформ - Year 2016, Vol 2, Issue
Abstract
The article is concerned with synthesizing and analyzing both substance and meaning of the following economic categories: «consumer basket», «subsistence minimum», and «minimum wage». Peculiarities in establishing levels of the specified indicators in Ukraine and in other world countries have been characterized. A retrospective study of both structure and dynamics of the consumer basket of Ukrainian citizens was carried out, focusing on the need for its adjustment to the real physiological needs of human. The main regulations aimed at ensuring the normal human existence and development have been provided. The main approaches to determining the minimum wage have been specified, an analysis of the mechanism for establishment and management of social standards in several countries in Europe and in the world has been conducted. It has been determined that in Ukraine there is a problem of mismatch between the inflation rate and the rate of increasing the guaranteed minimum wage that requires an immediate solution at the national level.
Authors and Affiliations
Serhiy Berezyuk, Oleksandr Kolesov
Keywords
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