BUSINESS INFORM №2-2017

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Section: Economic Theory
UDC 330.341.2
Demydiuk O. O.
The Essence and Efficiency Criteria of the Contemporary Economic Systems (p. 8 - 14)
The article generalizes and systematizes the basic scientific approaches to the definition of the category of «economic system». The author’s own definition of the contemporary economic systems as highly complex dynamic structures, characterized by the organizational heterogeneous integrity, ability to self-organization and self-development, which occur under the influence of both external and internal factors, has been proposed. The basic efficiency criteria of functioning and development of the contemporary economic systems were generalized and systematized. Some practical recommendations for improving efficiency of the economic system of Ukraine have been elaborated. In particular, the emphasis was made on the need to pay special attention to countering corruption, the illegal economic manifestations of the shadow economy, overcoming resistance by the special interest groups, which are not interested in any radical market-oriented transformations, since they lose their quasi-rent received as a result of activities of the inefficient institutions.
Keywords: economic system, efficiency of economic system, efficiency criteria of functioning and development of the contemporary economic systems
Fig.: 3. Tabl.: 1. Bibl.: 19.

Demydiuk Olga O. – Candidate of Sciences (Economics), Assistant, Department of Economic Theory, Macro- and Microeconomics, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Demydiuk, Olga O. (2017) “The Essence and Efficiency Criteria of the Contemporary Economic Systems.” Business Inform 2:8–14.

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