THE PROBLEM OF COMPATIBILITY OF MARKET LIBERTY WITH SOCIAL EQUALITY

Revaz Gvelesiani, Ivane Javakhishvili Tbilisi State University, Georgia

Published in

EUROPEAN JOURNAL OF BUSINESS RESEARCH
Volume 18, Issue 1, p39-44, June 2018

ABSTRACT

The concept of economic policy can be defined as general frameworks for the economic policy action, its grounds and direction. It is a well-thought-out and well-balanced system of general and larger goals. It also incorporates the principles of order policy, compatible with them and conforms to the purpose. The economic concept facilitates the rationalization of economic policy decisions. The concept of economic policy gives us the opportunity to pre-select the possibility of action. That's exactly what the intervention rules are, as the criterion for the use of means (Tuchtfeldt, 1982, p. 202).

Keywords

Concept of economic policy, policy of economic order, basic public values, market liberty, social equality, economic-political decision, social market conomy.


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