PRINCIPLES OF PRICE FORMATION AND THE ECONOMIC ESSENCE
Keywords:
price formation, market mechanism, state control, regulated prices, monopoly, inflation, economic policy.Abstract
The article analyzes the basic principles of price formation, that is, prices based on the principles of the free market, the factors affecting their formation and the role of state control over prices. In competitive and regulated markets, different aspects of price formation are discussed, as well as public policy in regulating the cost of socially significant goods and services.
References
Mankiw, N. G. Economics: Principles, Problems, and Policies. Cengage Learning, 2021.
Varian, H. R. Intermediate Microeconomics. Norton, 2020.
Stiglitz, J. E. The Price of Inequality. W.W. Norton & Company, 2012.
Official data of the Antimonopoly Committee of the Republic of Uzbekistan.
Law of the Republic of Uzbekistan “On Protection of Consumer Rights”, 2021.
Central Bank Inflation Reviews, 2023–2024.
OECD. Price Policies and Economic Growth, 2022.
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