Transformation into the market economy determined business entities’ independent management, operation, and ownership and allocation of their properties. However, this economy has some shortcomings. Thus, this economy should be improved and modernized. Regulation of the economy is considered to be one of the central problems. Free-market economy is said to be self-correcting; to wit, it tackles illegal actions, encourages enterprising individuals, punishes those who shirk their responsibilities and establishes a relationship between producers and consumers. Nonetheless, it does not necessarily mean that it needs no external interventions. Economies need to be regulated regardless of being primitive, planned or market economy.
30–31 May, 2015