The institutional outline of the process of creating public goods

In modern conditions of economic instability, permanent structural and financial crises, the issues of creating public goods are relevant from the point of view of shaping the well-being of citizens. The process of producing public goods is a rather multidimensional problem affecting the interests of various stakeholders. Undoubtedly, the key beneficiary of this process is the state, however, due to limited financial resources, it is unable to produce the volume of high-quality public goods needed by society. In this regard, it becomes especially important to involve private investors in the process of creating public goods. The institutional contour of the process of production and distribution of public goods is also of great importance. The article examines the internal mechanism of creating public goods through the prism of institutional norms and rules. The necessity of improving the institutional structure in order to increase the efficiency of the functioning of the public sector is proved.

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