Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/33305
Title: Indonesian market economics is reviewed of the constellation of law
Authors: Yuhelson
Keywords: Economic development -- Indonesia
Capitalism -- Indonesia
Trade regulation -- Indonesia
Dealers (Retail trade) -- Indonesia
Transaction costs
Economic security -- Law and legislation -- Indonesia
Issue Date: 2017
Publisher: University of Piraeus. International Strategic Management Association
Citation: Yuhelson (2017). Indonesian market economics is reviewed of the constellation of law. European Research Studies Journal, 20(4B), 609-621.
Abstract: Economic activity is strongly influenced by the layout of economic actors (political economy theory), the design of the rules of the game (the economic theory of transaction costs), the norms and beliefs of an individual / community (terori of social capital), incentives for collaboration (collective action theory) Arranged agreement (contract theory), choice of ownership of physical and non physical assets (theory of property rights), and others. In essence, there is always an incentive for individuals to behave so that the economic system can not only be guided by the market. In this case, non-market institutions are needed to protect the market from being trapped in endless failures by designing the rules of the game. At the macro level, the institute contains a set of political, social and legal rules that establish production, exchange and distribution activities. And at the micro level, institutions contain governance issues in order to exchange between economic units can take place both through cooperation and competition.
URI: https://www.um.edu.mt/library/oar//handle/123456789/33305
ISSN: 11082976
Appears in Collections:European Research Studies Journal, Volume 20, Issue 4, Part B

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