The principle of self-regulation.Self-regulation means that the harmonization of the interests of sellers and buyers is carried out without outside interference, thanks to voluntary market agreements and free pricing. The principle of market self-regulation, which is also called the "invisible hand" of the market, was first formulated by the famous British economist A. Smith. He believed that economic selfishness, that is, the desire to realize their own interests, forces manufacturers to create what buyers need at the lowest price.
One of the main methods of market self-regulation is the balancing of supply and demand for the relevant types of products and resources, and in this way the level of market prices for them capital whatsapp mobile number list to is established. Counts, 4. The principle of equality of market entities with different forms of ownership. That is, the economic rights of each of the subjects, including the possibility of carrying out economic activities, restrictions, taxes, benefits, sanctions, must be equal for all.
Different forms of ownership by themselves, involuntarily create different production, economic opportunities. It is about not creating special conditions, a special regime of assistance on the basis of the form of ownership, putting one of them in an advantageous position and another in an unfavorable position. In fact, this is a condition for ensuring fair competition between different forms of ownership. Advantages and disadvantages of a market economy The market economy is based on the interaction of supply and demand through the price mechanism.