License Statement

All articles published in Ekuilibrium: Jurnal Ilmiah Bidang Ilmu Ekonomi are licensed under the Creative Commons Attribution-ShareAlike 4.0 International License (CC BY-SA 4.0).
Under this license, users are free to:
- Share — copy and redistribute the material in any medium or format; and
- Adapt — remix, transform, and build upon the material for any purpose, including commercial purposes.
These permissions are granted under the following conditions:
- Attribution — appropriate credit must be given to the original author(s) and source, a reference to the license must be provided, and any changes made must be indicated.
- ShareAlike — if the material is remixed, transformed, or built upon, the resulting work must be distributed under the same or a compatible license.
- No additional restrictions — users may not apply legal terms or technological measures that legally restrict others from exercising the rights granted by the license.


Authors retain copyright of their published work and grant Ekuilibrium: Jurnal Ilmiah Bidang Ilmu Ekonomi, Faculty of Economics, Universitas Muhammadiyah Ponorogo the right of first publication.
This licensing policy supports the principles of open access by ensuring that published scholarly works remain freely accessible, distributable, and reusable while maintaining proper attribution to the original authors and preserving the same open-license conditions for derivative works.