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Theoretical Aspects of Socio-Economic Orientation of Agrarian Economy

Author

Listed:
  • Mykola Krushelnytskyy

    ('Institute of Agrarian Economics' National Scientific Centre, Kyiv, Ukraine)

Abstract

In a globalized market environment, socio-economic orientation of the agrarian economy is becoming less significant. Focusing only on profit escalating economic entities in the agricultural sector are neglecting the need to ensure the social impact of agricultural activities. This is one of the reasons for the growth of social tension in society. The aim of the article is disclosure of main principles of socio-economic orientation of development of agrarian economy. On the basis of the basic postulates of social market economy theory the necessity of state participation in the provision of social orientation of the agrarian economy is proved. Outlined main principles of social responsibility of business entities according to international standards. Characterized in details the components of the social function of the agrarian economy. It is revealed that the indicator of socio-economic orientation of the agrarian economy is the level of social responsibility of business entities, describing their response to the satisfaction of certain socio-economic needs of the people.

Suggested Citation

  • Mykola Krushelnytskyy, 2016. "Theoretical Aspects of Socio-Economic Orientation of Agrarian Economy," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 179-185, March.
    • Handle: RePEc:iaf:journl:y:2016:i:1:p:179-185
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    File URL: http://www.afj.org.ua/en/article/365/
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    References listed on IDEAS

    as
    1. Olha Kovalenko, 2015. "Implementation of Innovative Model of Ukraine in Crisis Conditions: Aspects of Social and Food Supply Security," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 152-158, March.
    2. Alla Ivashchenko, 2014. "Theoretical Aspects of Development of Socially Responsible Investing in Ukraine," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 90-95, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    social market economy theory; social function of the economy; social responsibility; social and economic needs; agrarian economy;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q19 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Other

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