Open AccessModelling the Mining Equipment Market Trend by Field Theory
Author(s) -
Pricope Sorin,
Muntean Luminița Doina
Publication year - 2020
Publication title -
journal of economics, management and trade
Language(s) - English
Resource type - Journals
ISSN - 2456-9216
DOI - 10.9734/jemt/2020/v26i430240
Subject(s) - field (mathematics) , market segmentation , econometrics , industrial organization , economics , business , microeconomics , mathematics , pure mathematics
Using the Beckman’s field theory of spatial economics, the flows of main products are analyzed between demand and offer, in the mining equipment market, and the segmentation of the world market is put to evidence. The data regarding the market suppliers, customers, trade intensity and average flows from published reports are used for extracting usefull conclusions.