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

Freedom of economy;
Mixed economy


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:

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


Constitution of the Republic of Serbia (2006). Belgrade, Serbia: Official Gazette of the Republic of Serbia

Jovanović, S. (2011). About the state – the basis of a legal theory. Belgrade, Serbia: Faculty of Law, University of Belgrade

Jovićić, M. (2006). Constitution and constitutionality. Belgrade, Serbia: Faculty of Law, Univer­sity of Belgrade and Official Gazette

Law on the Budget of the Republic of Serbia “Official Gazette RS Gazette no. 149/2020, 40/2021, 100/2021

Marković, R. (2016). Constitutional law. Belgrade, Serbia: Faculty of Law, University of Bel­grade

Mitrović, D. (2010). Theory of state and law. Belgrade, Serbia: Dossier studio

Tadić, L. J. (2007). Order, authority and freedom. Belgrade, Serbia: Institute for Textbooks Bel­grade and the Official Gazette

Vasić, R., Jovanović, M., Dajović, G. (2015). Introduction to law. Belgrade, Serbia: Faculty of Law, University of Belgrade

Živković, M. A., Minić, J., Sindjić, M. (2018). Constitutional law. Belgrade, Serbia: Megatrend University