Scientific approaches to support of producers by the state

Abstract

Introduction. Providing of the efficiency of activity of producers needs creation of favourable terms of manage, adjusting of work of market mechanism and the state support in some cases. In the process of evolution of the economic idea, there were many approaches both in favour and against the expediency of individual directions and means of support of producers by the state. At the same time, many issues, which relate to the support of producers, remain controversial. This leads to their further in-depth study and critical analysis.

Method. In this research the following methods have been used: method of induction and deduction, method of logical generalization, method of analysis and synthesis, method of comparison.

Results. In the economic literature the approaches to the interpretation of the economic essence of the concept of «producer support» has been considered. The author's definition of this concept has been formulated. The scientific approaches to expediency of support of producers by the state and purposes of its provision have been investigated. It has been established that the research works of many domestic and foreign scientists ground the economic expediency of supporting producers and production development promotion in connection with the imperfection of the market mechanism. The need to overcome (eliminate) «market failures» is substantiated. It has been proved that in today's dynamic, globalized economic conditions, the basis of the theoretical substantiation of the feasibility of supporting the producers of the state should not only be «market failures», but «failure of the rules» and «system failures». The results of the study will promote the scientific search for the latest approaches and directions of a transformation of the producer support system in Ukraine in the context of solving the most important strategic tasks of the state's economic policy.