USE OF MATHEMATICAL MODELS IN AGRICULTURAL ECONOMICS ANALYSIS

It has been clearly recognized that quantitative regularities play a vital role in economy. The adoption of mathematics in economics analysis brings a high
level of precision to the analysis, assumptions are clearly stated, procedures are specied and the logical consistency of mathematically based models is easier to check than non-mathematical models. Therefore mathematical models represent the most appropriate methodological method of analysis. The model is based on the division of economic and technological processes in agriculture into four stages according to the agribusiness specicity. The mathematical description of four stages used in production functions is provided.