Abstract

In the modern world, the state in absolutely all countries is an integral subject of the economy. At the same time, the function of the state in diverse economic systems is not the same, despite the similarity of various key problems. Through the centuries, the market has been in charge of national economic problems. The market as the foundation of the economic activity of society has no analogues, and the maximum economic return is ensured in an environment where competitive market relations are implemented. At the same time, the market itself is not able to overcome the challenges of the national economy, because of this, the need for its government appeared, since the market economy is not able to exist and interact outside of government. Unregulated market functioning is undesirable for society and market relations cannot do without stabilizing state administration. As a result, state laws control the functioning of any existing economic mechanisms, and the state at the same time appears to be both a subject of market relations and an institution of regulation at the level of law.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call