The impact of value and entropy in the economic life of the contemporary world

Abstract

The last three centuries have witnessed a dynamic evolution compared to the previous centuries. The general vector of this dynamic was technical and scientific progress in all sectors of social action, which was marked in Western Europe and North America. Against this general background, training and strengthening, European national communities, together with the establishment of capitalist market economy were historical factors that have broken the socio-political system of feudalism. Competition between companies is based more on the level of service, there is great interest in using a measure of flexibility to indicate a firm's ability to meet customer requirements. Entropy is proposed as a measure of flexibility for production operations. This article assessments the study on the possibility of the theory by focusing on low value entropy theory. The article addresses a topical issue, with a major socio-economic impact and aims to analyze the importance of value and entropy in the world economy. The methodology was based on the analysis of bibliographic sources and the analysis of the relationship between value-entropy-economy led to concrete results, presented below. JEL: A12, D80.