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Munich Personal RePEc Archive

Social responsibility as an obligatory element of the institutional system

Filippova, Irina and Sumcov, Victor (2012): Social responsibility as an obligatory element of the institutional system. Forthcoming in: (2013)

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Abstract

The institute of social responsibility is considered as mandatory addition of market and state institutes, since it reduces the transaction costs of the socio-economic system by eliminating discrimination in the relations. One of the most important missions of the state is the formation and development of the mechanisms of social control.

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