The market and its functions

Shkola, Viktoriia Yuriivna; Pridukha, I.

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Title	The market and its functions
Authors	Shkola, Viktoriia Yuriivna Pridukha, I.
ORCID	http://orcid.org/0000-0002-3037-4690
Keywords	market economy ринкова економіка рыночная экономика market ринок рынок
Type	Conference Papers
Date of Issue	2017
URI	http://essuir.sumdu.edu.ua/handle/123456789/64929
Publisher	Sumy State University
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Citation	Shkola, V. The market and its functions [Текст] / V. Shkola, I. Pridukha // Економічні проблеми сталого розвитку: матеріали Всеукраїнської науково-технічної конференції студентів, аспірантів і молодих, присвяченої 80-річчю від дня народження професора Олега Балацького, м. Суми, 21-25 квітня 2017 р. / за заг. ред.: Т.А. Васильєвої, Г.О. Швіндіної. – Суми: СумДУ, 2017. – С. 369-370.
Abstract	The modern market economy is a complex organism consisting of a large number of diverse industrial, commercial, financial and information structures, interacting on the background of an extensive system of law business, and united only concept – market. By definition, the market – a set of economic relations emerging between producers and consumers in the free exchange of equivalent produced goods (services) organized under the laws of commodity production and circulation of money. Important conditions of the emergence and successful operation of the market are social division of labor and specialization; economic isolation of market economy allowing private property; free exchange of resources; the magnitude of transaction costs.
Appears in Collections:	Наукові видання (ННІ ФЕМ)