Abstract
The goal of the present paper is to establish stages of evolution of approaches towards the understanding of nature of the economic entity. Importance of this analysis is based on the fact that both the understanding of this entity and terminology used to describe it has many contradictions. I propose and demonstrate the hypothesis that this evolution includes three stages (the first of them includes a separate substage). It is demonstrated that the economic entity represents now a more large notion than the firm, being rather an operator of non-market commercial transactions. The term «metafirm» is proposed to describe this operator. An example of metafirm is given, differences between the metafirm and the firm and the hybrid are described.
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