The research of time factor application specific in the current economic processes

The aim of the article is to study the effect of time, as a parameter, on economic processes and the identification of peculiarities of such influence. The current economic situation is characterized by a great dynamism that requires further study of time effect on economic processes and estimation of the results of this effect. During consideration, it was revealed that the modern idea of time as an economic factor exists at the stage of formation. The study shows that the time factor is considered as a function of two main features: the scale of the economic agent and the duration of time interval for considered process.