On the Structure of Modern Economy

Abstract

A study of three economic systems: a free market, a planned economy and a mixed economic system was carried out. The types of economies of the most developed countries were determined as a mixed type of economy. This type of system is more stable, since it contains the stabi­lity of a planned economy and the efficiency of a market economy. The authors base their research on the scientists’ opinion that the ratio of the economic activity of the state and the large business as a planned core of the economy and the market sector, which is represented by small and medium businesses, is a determining factor in achieving positive dynamics. Thus, it becomes necessary to identify the optimal level of this ratio. Since the organization level of developed countries can be considered formed, it is assumed that there are factors contributing to this state. Having identified these factors, we can formulate an effective development strategy for countries. It is assumed that the results of the study can help determine the development strategies of both transiti­onal economies and those that demonstrate poor quality of functioning.