The Admissibility of State Aid in The European Union from The Perspective of the Evolution of The Concept of State Interventionism
Economic Policy, Markets, and Socio-Economic Development: 46ECO 2025
The concept of State intervention in economic processes does not imply the replacement of the market mechanism with an alternative State mechanism; rather, it entails the limitation of market failures, which are defined as inefficient market allocation of resources. The State should assume responsibility for…