The System Model of Economic Institution
Abstract
This paper deals with the peculiarities of the system approach to economic institution. The author proposes and analyses the system model of institution. Using the system concept, the author discovers the interpretation - communication mechanism of the institution influence on the behavior of economic agents in the free market conditions.
Keywords:
economic theory
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.