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318
k
RQãWDWRYDĢ åH ]iXMHP SRGQLNRY R
LQRYiFLH QHSUHGVWDYXMH SUHNiåNX
SRGQLNDWHĐVNHM DNWLYLW\ NWRUi MH SULURG]HQêP SUHMDYRP XYiG]DQLD LQRYiFLt QD WUK
DYãDN ]iURYHĖ QHGRVDKXMH PLHUX NWRURX E\ ERO YêUD]QêP SRGSRUQêP IDNWRURP
QRYpKR SRGQLNDQLD SUHGRYãHWNêP ]DORåHQpKR QD SUtOHåLWRVWL D RULHQWRYDQpKR QD
Y\VRNê UDVW
=iXMHP VSRWUHELWHĐRY R
LQRYiFLH
=iXMHP VSRWUHELWHĐRY R
LQRYiFLH PRåQR URYQDNR ]DUDGLĢ PHG]L SRGPLHQN\ QD
podnikanie s
SULD]QLYêP VWDYRP D
stabilnou dynamikou v
VOHGRYDQRP REGREt 1D
jednej strane hod
QRWLD W~WR REODVĢ H[SHUWL SULD]QLYHMãLH DNR Y SUtSDGH ]iXMPX
ILULHP QD VWUDQH GUXKHM YãDN Y\ND]XMH YêUD]QHMãLH ]RVWiYDQLH 6ORYHQVNR ]DRVWiYD
]D SULHPHUQêP KRGQRWHQtP NUDMtQ (XUyS\ DYãDN QDMPl NUDMtQ NWRUêFK UR]YRM MH
]DORåHQê QD LQRYiFLiFK ýR VD WêND MHGQRWOLYêFK KRGQRWHQêFK DWULE~WRY H[SHUWL
SULD]QLYR KRGQRWLOL QDNORQHQRVĢ VSRWUHELWHĐRY NX VN~ãDQLX QRYêFK YêURENRY
a
VOXåLHE DNR DM LFK Y\VRNp RFHQHQLH LQRYiFLt 1D GUXKHM VWUDQH YãDN Xå ]D PLHUQH
QHJDWtYQX ] SRKĐDGX SRGSRU\ SRGQLNDWHĐVNHM DNWLYLW\ QRYêFK D
UDVW~FLFK ILULHP
SRYDåRYDOL RWYRUHQRVĢ VSRWUHELWHĐRY QDNXSRYDĢ SURGXNW\ ]DþtQDM~FLFK LQRYDWtYQ\FK
firiem. Rovnako ako v
SUtSDGH SUHGFKiG]DM~FHM SRGPLHQN\ DM Y
WRPWR SUtSDGH
SR]LWtYQ\ FHONRYê SRVWRM N
LQRYiFLt QLH MH Y\YiåHQê NRQNUpWQRX DNFLRX NWRUi
by
EROD GRVWDWRþQêP SRGSRUQêP LPSXO]RP SUH Y]QLN D
UR]YRM QRYpKR SRGQLNDQLD
LQRYDWtYQ\FK ILULHP &HONRYR WDN PRåQR NRQãWDWRYDĢ åH QDSULHN YFHONX
SR]LWtYQHPX VWDYX H[LVWXM~ LVWp UH]HUY\ NêP EXGH PRåQp ]iXMHP VSRWUHELWHĐRY
o
LQRYiFLH SRYDåRYDĢ ]D GRVWDWRþQH LQWHQ]tYQ\ SRGSRUXM~FL IDNWRU SRGQLNDQLD
SUHGRYãHWNêP ]DORåHQpKR QD SUtOHåLWRVWL
3RGQLNDQLH PODGêFK
K
SUREOHPDWLNH SRGQLNDQLD PODGêFK VD Y]ĢDKXMH QLHNRĐNR SRGPLHQRN
KRGQRWLDFLFK UR]OLþQp DVSHNW\ SRGQLNDWHĐVNpKR SURVWUHGLD X QiV 7LHWR SRGPLHQN\
V~ RULHQWRYDQp MHGQDN QD SRGQLNDQLH POiGHåH DNR DM QD VNXSLQX PODGêFK
GRVSHOêFK &HONRYR PRåQR ]D SULD]QLY~ R]QDþLĢ Qt]NX ~URYHĖ SUHNiåRN SRGQLNDQLD
PODGêFK UHVS IDNWRURY NWRUp E\ LFK WODþLOL GR SRGQLNDWHĐVNHM DNWLYLW\ QD ]iNODGH
nevyhnutnosti. Na strane druhe
M ]D QHGRVWDWRþQp H[SHUWL SRYDåXM~ SRGSRUQp
IDNWRU\ QDMPl DEVHQFLX V\VWHPDWLFNêFK D
FLHOHQêFK SURJUDPRY D QiVWURMRY
]DPHUDQêFK QD SRGQHFRYDQLH D
UR]YRM SRGQLNDWHĐVNHM DNWLYLW\ PODGêFK 5RYQDNR
QHJDWtYQH YQtPDM~ H[SHUWL RWi]NX SUtOHåLWRVWt D
to jednak z
KĐDGLVND H[LVWHQFLH
GRVWDWNX SUtOHåLWRVWt QD SRGQLNDQLH GRPD DOH DM SUHYDåXM~FX DWUDNWLYLWX SUtOHåLWRVWt
v
]DKUDQLþt 9 PHG]LQiURGQHM NRPSDUiFL
i
SULD]QLYHMãLH Y\]QLHYDM~ SRGPLHQN\ QD
SRGQLNDQLH POiGHåH QDMPl QHWODþHQLH POiGHåH GR SRGQLNDQLD ]
nevyhnutnosti),
QHJDWtYQH YãDN Xå SRGPLHQN\ QD SRGQLNDQLH PODGêFK GRVSHOêFK QDMPl
SRGQHFXM~FH SRGQLNDWHĐVN~ DNWLYLWX Y\FKiG]DM~FX ] SUtOHåLWRVWL &HONRYR ]LVWHQLD
o
VWDYH SRGPLHQRN QD SRGQLNDQLH Y]ĢDKXM~FLFK VD N SRGQLNDQLX PODGêFK MH PRåQp
]KUQ~Ģ GR NRQãWDWRYDQLD
åH SRGQLNDWHĐVNp SURVWUHGLH QD 6ORYHQVNX VtFH
SRGQLNDQLX PODGêFK LPSOLFLWQH QHEUiQL DOH ]ćDOHND KR ]DWLDĐ DQL FLHOHQH
a systematicky nepodporuje.