NATURE AND CONTENT OF PUBLIC ADMINISTRATION AND CONTROL OF THE ECONOMY

Abstract

It is well known that government intervention in the economy supports the flow of business processes, which resulted in the removal of market failures. Methods of state influence are implemented through regulatory side and the use of economic instruments. Through these state measures the market self-regulation system becomes more stable. This stability is manifested primarily in the implementation of the social functions of the state and activities relating to infrastructure. The problem is not just in the intervention of the state, but it concerns the frontiers of this intervention. As a general criteria for the state intervention in economic life is considered effective functioning of the economy and the extent to which the economy satisfies the needs of society. The paper tracked the prerequisites for state intervention in economic life, essential to the management and regulation, and the methods it uses modern state in influencing business processes.