The market economy in transition and the accuracy of the economic results. A theoretical approach (first part)

Abstract

The way the results of the human activity are measured has been and still is a major theoretical and practical concernof the economic world. In this article we are particularly interested in analyzing the circumstances that provide a realimage for the economic results at macroeconomic level. We keep as our main interest the technology of valuemaking process in market economy and the relationship between real and nominal economy in this process. Weapply the theoretical aspects on Romania in order to analyze the way macroeconomic indicators are reflected in thepopulation living standards.