Constitutional Framework of Free Economy in Theory and Practice of the Republic of Serbia
Constitutional Framework of Free Economy in Theory and Practice of the Republic of Serbia

Author(s): Slobodan Petrović
Subject(s): National Economy, Constitutional Law
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Constitution; Freedom of economy; Entrepreneurship; State; Mixed economy
Summary/Abstract: One of the key elements of any democratic society in the world is economic freedom. Today, there is almost no democratic state where the economy is entirely state-owned or completely free of state legislation. However, we can conclude that today, the so-called “mixed economies” still prevail, which are characterized on the one hand by private companies, and on the other hand, by state control of the economy. In such economies, in the interaction of producers and consumers on the free market, the freedom of the economy guaranteed by the constitution is achieved. In this case, the state does not determine the price of products. The freedom of the economy guaranteed by the constitution contrasts with the economy based on central state planning.

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