BUSINESS INFORM №3-2017

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Section: Economic Theory
UDC 005.56
Us T. V.
Partnership as the Economic Institution (p. 46 - 51)
The article is aimed at defining the essence of partnership and analyzing its constituents taking into consideration the institutional approach. The article analyzes the main provisions of the institutional approach, allocating as the original category the concept of «institution», which is understood as a form of organization, regulating and harmonization of public life, activity and behavior of individuals, that is – a set of norms, required for organization of cooperation. One such organization at both the formal and the informal bases is partnership. It has been determined that namely partnership as economic institution can become the integrating link element of the market economy (its structure, constituents, form and level will depend on those, who will act as relationship parties – or partners), will ensure a sustained cooperation and reduce uncertainty in relations that, in turn, will impact stability of market and the entire economic system. Promising direction for further research will be elaborating recommendations for development of partnership at each structural level of an economic system and considering impacts of the external environment on the efficiency of cooperation.
Keywords: institution, partnership, cooperation, institutional approach, subjects of interaction, institutional changes.
Tabl.: 1. Bibl.: 14.

Us Tetiana V. – Senior Lecturer, Department of Political Economy, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkiv, 61166, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Us, Tetiana V. (2017) “Partnership as the Economic Institution.” Business Inform 3:46–51.

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