TARGET FUNCTION OF UKRAINE'S ECONOMY AS A SYSTEM IN A CHANGING VUCA – WORLD

The analysis of approaches to the definition of the target function of the Ukrainian economy as a system in the changing VUCA – world has been carried out. The main target function is defined as ensuring, at least, the survival of society in interaction with the external environment, realized by ensuring the reproduction of material goods, labor resources and production relations. It is proved that the economic system, by definition, is an open system whose type is determined depending on the quantity and quality of incoming and outgoing flows. The system of “closed type” is limited to incoming and outgoing flows formed by the environment and the processes of production, distribution, exchange, and consumption of material goods. The system of “open type” assumes the presence of a greater number of flows “input – output”, formed in the process of integration of Ukraine into the world economic space.

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Publication Details

Journal
Modern Management Review
Published
2025-09-30
DOI
https://doi.org/10.7862/rz.2025.mmr.15
Primary Topic
Economic Issues in Ukraine
Type
article
Field-Weighted Citation Impact
0.00
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article

TARGET FUNCTION OF UKRAINE'S ECONOMY AS A SYSTEM IN A CHANGING VUCA – WORLD

Olena DOLGALOVA, Anna KONYEV
Modern Management Review
Economic Issues in Ukraine
article

TARGET FUNCTION OF UKRAINE'S ECONOMY AS A SYSTEM IN A CHANGING VUCA – WORLD

Olena DOLGALOVA, Anna KONYEV
article en

Abstract

The analysis of approaches to the definition of the target function of the Ukrainian economy as a system in the changing VUCA – world has been carried out. The main target function is defined as ensuring, at least, the survival of society in interaction with the external environment, realized by ensuring the reproduction of material goods, labor resources and production relations. It is proved that the economic system, by definition, is an open system whose type is determined depending on the quantity and quality of incoming and outgoing flows. The system of “closed type” is limited to incoming and outgoing flows formed by the environment and the processes of production, distribution, exchange, and consumption of material goods. The system of “open type” assumes the presence of a greater number of flows “input – output”, formed in the process of integration of Ukraine into the world economic space.

Modern Management ReviewVol. 30(3)
Heilbronn University (DE), Donbas National Academy of Civil Engineering and Architecture (UA)
Openalex Percentile: Top 55%
Economic Issues in Ukraine
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TARGET FUNCTION OF UKRAINE'S ECONOMY AS A SYSTEM IN A CHANGING VUCA – WORLD — Olena DOLGALOVA, Anna KONYEV · Modern Management Review (2025) | TGRS Research Map | TGRS