The role and place of power relations in the economic system

Economic Annals-XXI: Volume 125, Issue 1-2(1), Pages: 53-55

Citation information:
Moiseyenko, O. (2013). The role and place of power relations in the economic system. Economic Annals-XXI, 1-2(1), 53-55. https://ea21journal.world/index.php/ea-v125-14/

Olena Moiseyenko
PhD Student,
Kharkiv Humanitarian University, Ukraine
moiseyenko_elena@mail.ru

The role and place of power relations in the economic system

Abstract. In the article from the standpoint of institutional theory the role of power relations in the economic system is analyzed. The power is defined as a basic institution that regulates the social-economic processes. The author concludes on the basis of taken analysis that the model of power relations in Ukraine is futile.

Keywords: Power; Power Relations; Exploitation; Economy; Economic Power

JEL Classification: P46

References

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Received 20.12.2012