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Lecture number 6 Topic: Nature and the main features of a market economy. Market and its structure.
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The plan: The nature and value of the market economy.
Fundamental features of a market economy. The nature and function, signs of the market. The classification of markets as the structural elements of the market system. Infrastructure market. Set of institutions of the market. Uzbekistan's transition to a market economy.
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Market - a high level of well-being even at the same level of efficiency, because market-trigger mechanism distribution of social product which clearly specifies what part owed to the state, what region and what the employee.
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Market relations are more democratic, they eliminate the dictates manufacturer subordinate production of consumer interests, effectively the demand for products, respond quickly to changing conjuncture and to limit interference in the economy and to offer not only the removal of part of the production of the product through the mechanism of taxation, but also feedback and statements about what this part of the product used.
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The following fundamental features of a market economy;
Economic pluralism, which is to balance the various forms of ownership and management. In a market economy, cooperation between private, collective (corporate) and public property, including various options for their modification.
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Freedom of economic activity, when the economic actors themselves, based on their own interests determine gender and scope of activities, the exchange is based on the emerging free market prices, the allocation and assignment of income is also at the discretion of the subjects themselves.
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Antitrust nature of the economy
Antitrust nature of the economy. Equilibrium forms of ownership eliminates monopoly individual economic actors.
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A market economy is based in monetary terms
A market economy is based in monetary terms. Money is an integral part of the economy, the primary means of establishing economic relations. Stable monetary system - a necessary condition for the development of a market economy.
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A market economy is based on competition, which is a powerful tool for economic growth. To a modern market economy characterized by civilized, perfect competition. Competition is the force that regulates and controls the market.
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Market economy - an economy of equal opportunities for all subjects, but their implementation depends on the ability of each business. Market economy - managed economy. it is the main regulator of the market price, which is brought to market demand producer, through adaptation of economic activity is the market demand for self-regulation of the macroeconomic level.
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Market relations are socially oriented, aimed at meeting the needs of people through the saturation of the market with goods and services, their material prosperity, the increase in the consumption of the population to the general welfare.
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Essential features of the market are manifested in its features:
Information - the market informed through prices on supply and demand of goods and services on it; Mediation - it connects the subjects of relations for the interchange of its activities; Pricing - the market indicates the true value of the goods which the buyer is willing to pay, because only recognizes the socially necessary costs;
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Regulatory - the market affects all sectors of the economy, and especially the production, giving answers to the questions: what, how and for whom to produce; Sanitize function is manifested in the fact that the market - hard and even cruel system that cleans the competition with the production of economically viable manufacturers, giving the green light more resourceful and effective. This "natural selection" is so vicious that according to the N. Samulsona, in the U.S. and half of all the different stores out of business within 3 years from the date of opening.
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Signs of the market: Unregulated demand (buyers themselves determine what and how much to buy, based on their needs and ability to pay); Unregulated supply (manufacturers free to determine which products and how much to produce, based on available resources and guided by the profit motive);
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Free price, balancing supply and demand (motivation of the transaction for the buyer and sellers is mutual benefit, or simply exchange takes place);
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Classification of markets:
by territory; local (within the village, city or area) national (internal) global (outside) intensity operation major market additional barren potential prosloechny
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the nature of sales; wholesale retail the level of saturation; equilibrium scarce excess to comply with applicable law; legal illegal (black market)
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the degree of restriction of competition;
pure competition oligopolistic market absolute monopoly free market by industry; light industry textile Industry computer industry
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the content and purpose;
consumer market services market financial market innovation market labor market investment market
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market infrastructure– it is the environment, the environment, contributing to the proper functioning of market relations. The functions of the infrastructure of the market are: facilitating the implementation of its subjects of their interests, increase the efficiency and effectiveness of their work, the institutionalization of market relations, legal and economic control over them.
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The commercial banks and insurance companies
extensive network of specialized exchanges means of business communication advertising agencies and the media tax and customs system consulting companies auditing companies
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As the practical experience, the modern market includes the following set of institutions.
In - First, here is the legal system, which organizes the legal regulation of the market and the continued interest of the market entities. The basis of this system is a civil code that performs the role of economic constitution.
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In - the second in a set of institutions are state control and regulation. Here it means the establishment of the sanitary, epidemiological surveillance, the tax system. B - Third, to market institutions include associations, unions, consumers, employers and employees. They increase, organization, civility and effectiveness of market agents.
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In - fourth, normal market system to its overall structure of economic life. This is a trading company, stock exchange, banks, etc. they link manufacturers, resellers and buyers together. Such integrity gives market a new quality - the ability to self-regulate. Self-regulation is done with. Prices that vary according to certain laws.
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Uzbekistan adopts program, which differs from other economic reforms
Uzbekistan adopts program, which differs from other economic reforms. The main directions of the program:agricultural reform - a source of national wealth by the release and the increase in the purchase price, the creation of farms; protection of vulnerable sections of society, strengthening the social security system;
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increase in the share of production of end products, ie ready for implementation;
joint development and entrepreneurship; gradual development of market infrastructure - a network of commercial banks, the modern financial and tax system, audit and insurance mechanism Exchange.
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