Subject The article reviews the mechanism for harmonizing the economic and social interests of various entities of the food market in the organization of food supply to the population. Objectives The aim is to improve the theoretical framework and develop a scientifically sound approach to assessing the balance of food supply to the population. Methods The study employs a unique approach to examining the balance of food supply from the perspective of three structural and consistently interconnected elements, i.e. a phenomenon, a process and a condition. It provides an interpretation of each element, methods of evaluation, based on structural division of indicators into the balanced, exceeding the balance, and below the specified level. These indicators are differentiated into seven functional groups (from minimal to maximum balance). Results The paper gives a comparative assessment of the level of balance of food supply in the UK, France, Czech Republic, Latvia, and Russia, and the definition of priority areas for the agricultural sector development in these countries. Conclusions The proposed approach enables not only a refreshing perspective on the problem of achieving a balanced food supply, but it can also form a basis of the organizational and economic mechanism of changes in this area, as takes into account the impact on food supply of not only economic, but also social factors that consider the specifics of a particular State. The findings of the study can be used by agribusiness authorities to make practical decisions in the food sector and to adjust directions of its development.
Keywords: balance, food supply, phenomenon, process, state
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