10. Theoretical and methodical approaches to definition of a class «market mechanism»

https://doi.org/10.31073/agrovisnyk201703-10
Skotsyk V. Je.
Pages: 66-72.

Full article: 
Abstract
The purpose. To develop theoretical and methodological rules and approaches concerning definition of a class “market mechanism”. Methods. Dialectic method of scientific knowledge, analysis and synthesis; system generalization. Results. Analysis of world experience shows that without efficient market mechanism it is impossible to solve complex engineering, economic and social problems. However, developed market mechanism has some deficiencies and conflicts. The market can be not only organizing and creative factor, but also natural, destructive, generate complex economic crisis. These deficiencies of market mechanism require interference of the state in economic and social life of society. Conclusions. Efficient development of market economy requires justified use of state regulation of economy, including agrarian sphere. It is necessary to consider that the market model is realized under the influence of not only economic, but also administrative and other non-economic factors, connected to state functions.

Key words: mechanism, economic ratios, market, state regulation, economic theories.

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