INSTITUTIONALIZATION OF THE ECONOMIC INTERESTS IN THE CONTEXT OF TRANSACTION COSTS

Economic interests should receive permanent confirmation in economic practice. From this point of view, the analysis of institutional interaction of individual and national economic interests is important. Implementation of individual interests is a cause and relates to the functional welfare of high-leveled microeconomic structures (such as partnerships, corporation etc.). Implementation of integrated interests such microeconomic structures and their effective functioning, in turn depends on the macroeconomic institutional environment and institutional policy (inflation, cross-rate, interest rate, tax and customs regime). Realization of individual interests of unincorporated entities and households also depends on the macroeconomic level.