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Publications of Tsvirko Svetlana Eduardovna
Theoretical and Applied Economics, 2018-2
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Tsvirko S.E. - System of state regulation and control over pricing in Great Britain: legislative and institutional aspect
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pp. 22-38
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DOI: 10.25136/2409-8647.2018.2.26594
Abstract: This article is dedicated to the specificities of state regulation and control of pricing in Great Britain. The object of this research is the approaches towards adjustment of the system of state regulation and control over pricing in Great Britain, considering their impact upon the country’s economy. Examination of the systems of state regulation and control over pricing in foreign countries, particularly in Great Britain, is essential for determining the positive experience for its potential implementation in Russia. The author analyzes the legislation in Great Britain in the area of pricing; reveals the method of direct and indirect regulation of prices; describes the system of regulatory and control authorities over pricing in Great Britain. It is demonstrated that the customs regulation and taxation play a significant role in the developed countries with regards to pricing. The example of Great Britain argues that liberalization in many spheres, absence of overregulation of markets of goods and services, promotion of competition for preventing the monopoly high or monopoly low prices, is stimulating for the economy.
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