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Theories of price formation is a comprehensive theoretical field that explains how goods and services acquire value in markets and how prices are determined through the decisions of economic agents. These theories provide fundamental explanatory frameworks for both short-run and long-run analyses by examining the effects of production costs demand conditions competition structures monetary and fiscal policies and the microstructure of markets on prices. In modern literature price formation is st

Sabahattin Zaim was an academic, economist, and educator who made significant contributions in the fields of labor economics, social policy, and Islamic economics in Türkiye. Born in 1926 in the town of İştip, within the Üsküp region of Macedonia, Zaim migrated to Türkiye with his family in 1934 and settled in Istanbul. He completed his higher education in 1947 at the Faculty of Political Sciences of Ankara University and began his academic career in 1953 at the Chair of Social Policy at the Fac

The Republic of Cuba is an island nation encompassing the largest island in the Caribbean Sea. Geographically, it lies at the eastern end of the North American continent. Cuba is separated from the United States and the Bahamas to the north by the Florida Strait, from Haiti to the east by the Windward Passage, and from Mexico to the west by the Yucatán Channel. The country has a total land area of approximately 110,860 square kilometers and a coastline of about 1,250 kilometers. Its capital and