Page 11 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE

Here:

Em – empiric information
Cr – cause-result relations;

F – functional relations;
S – structural relations;

Tm – theoretical and methodological assessment

L – logical conclusion
E – empiric conclusion

Sf – scientific fact
C – new concept formed as a result of scientific fact

2. The appearance of cause-result relations (within the economic
situation) takes place in three areas, which are strongly correlate or

existing within each other:
• Factual and empirical; in other words, it is “visible” area, which is

expressed by definite figures and presented as precise commencement
and finalization of economic process;

• Conceptual: the practicable application of theoretical structure

which was intentionally formed for cause-result purposes;
• Logical: comparison of results obtained from practical application

of concept and its logical structure.

We would like to note that this classification is conditional and it
can be more useful in identification of the nature of “situational

determinism”. Presentation of cause-result relations in form of three areas

mentioned above does not mean that there is difference between fact and
theory and the complex, hierarchic structure of economic process

eliminates the importance of casualty factor. In contrast, from economic

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