AN INSTITUTIONAL APPROACH TO SUBSTANTIATING THE ECONOMIC ROLE OF THE STATE
Keywords:
institutionalism, theory of order, economic freedom, monopoly, competition, state intervention, social responsibility, managed development, institutional infrastructureAbstract
The analysis of all the factors affecting the socio-cultural environment conditioning the economic processes, the legal-political approach in the analysis of economic processes and the application of market principles are very important. By safeguarding the principles of private property, individual liberty, and immunity, the state, through institutional instruments, should protect the public from possible structural and legal distortions.
