Faults of the Market Mechanism and Public Administration Failures: Methodological Aspects

DOI: 10.33917/es-8.166.2019.124-133

The article reveals the essence and forms of market mechanism flaws and failures of public administration. Their interaction in market system and influence on the development of the market economy is shown. The cordusion is: public administration should be based on spontaneous market mechanism, soften its’ flaws and prevent (or efficiently fix) the failures of its performance