FORMATION OF INSTITUTIONS FOR DECENTRALISATION OF ECONOMIC POWER

The article explores the establishment of decentralisation institutions of economic power in Ukraine, elucidating the core concept of economic power as an institution of contemporary socio-economic growth, its evolution, socio-economic implications and its connection with monopoly and property. Economic power implies the priority of the interests of all participants in the process of social production over the interests of the owner. It has been established that the interrelation of economic power, monopoly, ownership and management reveals the economic meaning of power and at the same time determines changes and directions of its development, one of which in modern conditions is its decentralisation. It is proved that the decentralisation of economic power involves the transfer of power, resources and responsibility. It is carried out through the formation of appropriate institutions that ensure its implementation and goes through the relevant stages. At the present stage, in the context of Russian aggression, the decentralisation of economic power is at the first (basic) stage, and institutions such as the amalgamated hromadas and starostats (an election-based public organisation consisting of group leaders) have been formed, which play an important role in socio-economic processes in the context of war, ensuring the vital activity of business entities and citizens of Ukraine.