ECONOMIC DEVELOPMENT AND DEMOCRATIC INSTITUTIONS
( Pp. 253-255)

The article attempts to analyze the relationship of democratic institutions and economic growth. It emphasized the importance of developing this problem at the theoretical level to improve the relations between society and the authorities at various levels of the political, economic and social problems. The mechanisms of influence of the most important institutions of a democratic society on the pace and quality of economic growth. The first is the institution of private property, free enterprise and trade, as well as the inviolability of the person. It is also crucial to a certain form of government in which the supreme power belongs to the people. This can be achieved when the society adopted and approved in advance declared legal rules based on the priority of basic individual rights and freedoms

Shcherbakov A.., (2015), ECONOMIC DEVELOPMENT AND DEMOCRATIC INSTITUTIONS. Business in Law, 3 => 253-255.

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democracy, economic growth, institutions, the state, property.