Home  Journals  National Interests: Priorities and Security  7(196) - 2013 February

Public sector in market economy

Available online: 21 February 2013

Subject Heading: ECONOMIC DEVELOPMENT STRATEGY

JEL Classification: 

The main economic motives of activity of the state in market economy is insolvency or market "failures". The state action can be divided into three categories: production of goods and services; sale of goods and services; redistribution of income. In the article the activities of the state for the production of goods and services and the decision of three fundamental questions of the economy "what to make?", how to make? "and" for whom to make?" are described. The main concept of the article is the need for social and economic development, sustainability of economic growth and increase of living standards.

Keywords: scope of activities of the state, public goods, properties of public goods, mixed goods, production possibility curve.

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ISSN 2311-875X (Online)
ISSN 2073-2872 (Print)

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