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

Slobodan Petrović – Faculty of Social Sciences Belgrade, University of Business Academy Novi Sad, Bulevar umetnosti 2A, Belgrade, Serbia

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.

7th International Scientific ERAZ Conference – ERAZ 2021 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT,  Online/virtual, May 27, 2021

ERAZ Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; AMBIS University, Prague – Czech Republic; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia

ERAZ Conference 2021 Conference Proceedings: ISBN 978-86-80194-46-2, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.2021

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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