ASPECTS REGARDING THE ROLE AND FUNCTIONS OF THE STATE, IN ECONOMY
Journal Title: Challenges of the knowledge society ( Provocari ale societatii cunoasterii ) - Year 2017, Vol 9, Issue 11
Abstract
Public Sector Economics - branch of economic science – has, as main object of study, the state policies, the role and importance of its actions in the economic and social life. State involvement in the economic life is relevant through its activities, whereby are occured legal regulations concerning the development of social and economic life, interventions in the market mechanisms, with measures designed to increase economic performance. The implications of the public sector in economy are exhibited in the context of links that they provide between the production and consumption sphere , in the development of flows among economic agents. The actions of the state, respectively of government, both as an economic agent and as regulator of economy, relevant to the role of the public sector, have as main objective, the optimum of resource allocation, so that to obtain a better fulfillment of citizen needs. The study highlights issues referring to the public sector role and implications in economy, market failure and state functions, through which it aims to promote economic and social wellbeing.
Authors and Affiliations
Florina POPA
Keywords
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