THE NEED FOR STATE INTERVENTION IN THE ECONOMY AND IN PARTICULAR IN THE AGRICULTURAL SECTOR - ARGUMENTS FOR AND AGAINST

THE PURPOSE of the present research is to examine the main author's opinions regarding the state policy and its intervention in the economy and in particular in the agricultural sector, and on this basis to draw out, systematize and summarize the main directions and arguments for and against th...

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Bibliographic Details
Main Author: D. Stoyanova
Format: Article
Language:English
Published: Trakia University 2019-10-01
Series:Trakia Journal of Sciences
Subjects:
Online Access:http://tru.uni-sz.bg/tsj/Volume%2017,%202019,%20Supplement%201,%20Series%20Social%20Sciences/3/za%20pe4at/71.pdf
Description
Summary:THE PURPOSE of the present research is to examine the main author's opinions regarding the state policy and its intervention in the economy and in particular in the agricultural sector, and on this basis to draw out, systematize and summarize the main directions and arguments for and against the intervention of the state in the economy. METHODS: Based on a literature review should be grouped the different opinions of the authors studied this problem. We should make a comparative analysis of the negative and positive aspects of state intervention on the economy and taking into account the specifics of the agricultural sector. RESULTS: As a result of the research are summarized and analyzed the main tendencies and opinions about the need for state intervention in the economy. CONCLUSIONS: From the analysis made in the study, there is no unambiguous vision in the economic literature regarding the need of state intervention in the economy and agricultural sector. Despite all the arguments that are drawn against the state support, the state through its policies and measures intervenes in the financial and credit markets. Factors have been put forward to support the need of state intervention to prevent market failures such as monopolization of production, imperfect competition and others. Highlighted are examples of highly developed countries where the mixed type of governance and adequate state intervention positively affect the economy.
ISSN:1313-3551