Page 108 - Azerbaijan State University of Economics
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THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE
production and social-economic structure of the region, meeting demand of
local population by the means of efficient production and division of labor.
Economic interests are might tool in management of the economy.
By the means of this tool it is possible to influence the formation,
characteristics and development of economic entities existing in the
region. Provision of wide independence for business activities in the
regions helps not only establish market relations, but also brings about
formation of contradictions. From this point of view detailed
examination of regional economic interest plays very important role in
our research. Regional interest consists of two parts: direct and indirect.
Direct part relates to general demands and requirement of the region:
improvement of country’s living standards, meet demand of widely used
products, creation normal environmental conditions, social infrastructure
services, meet labor demands of the population and etc.
The indirect component of the regional interest consists of higher
level demand. In this case region acts as subsystem. Indirect interest system
includes products meeting first of all demand of the region. Specialized
realms serve to this aim and this is inherent part of realm interest. Direct
interest are generated between acting objects, however indirect interests are
formed from mutual relations occurred between the entities.
On the regional level the direction of the interest is identified by
objectives if economic policy. The subjects of the economic policy in the
regions can be divided in to three parts: carrier, reflectors and performers of
economic interests – all of them differ from each other by particular factors.
The carriers of economic interest are the following entities: employees,
owners of the companies, farmers and land lords, small and medium
entrepreneurs, managers and shareholders, flexible specialists, government
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