Investigation of advantages and disadvantages of market economy

Abstract

The object of research is formation of a economy. The formation of a economy is characterized by complex and contradictory relationships, the management of which requires the continuous improvement of methods of economic analysis and development of new methods for processing and systematizing analytical information in accordance with international and national standards. One of the most problematic places in the study is the correct interpretation of the concept of a taking into account its disadvantages: stratification of society, rising unemployment, deterioration of public goods. In the course of the study, the following methods were used: analysis and synthesis, logical generalization, analogies, comparative comparisons, monographic and graphoanalytical methods. This will allow in the long term to eliminate the incorrect interpretation of the term of the and also to eliminate the disadvantages: stratification of society, rising unemployment and others. Correct interpretation of the term market economy, in the opinion of the authors, is obtained, as well as the impact on economies of countries that have switched to a economy. This is due to the fact that the proposed interpretation has a number of features of the definition, in particular the definition taking into account the present. Thanks to the transition to a GDP per capita, unemployment and other key indicators for the economy are improving. The transition from a planned to a economy is compared. That is, how the indicators changed to the transition and after.