With a different structure of the economic system, states have different opportunities to influence the financial sphere. In the presence of a planned economy, the state fully controls production volumes and prices. The market economy, on the contrary, is characterized by the freedom of relations between the subjects of the financial world.
The market economy, from a theoretical point of view, is a self-regulating mechanism, where supply and demand play the main role. The state has no right to influence both of these factors. But the ideal model, created through the generalization of theoretical knowledge, does not fully reflect reality. This model does not include artificially created crises, the creation and disintegration of single economic zones, and other factors that have a huge impact on the global financial system.
In light of the suddenly emerging negative phenomena, the state cannot but intervene in the economy. In an emergency, the country's leadership may prohibit raising prices for certain groups of goods. This is done, first of all, so that economic shocks do not turn into an acute social crisis. After all, large-scale strikes and protest actions provoked by inflation will cause even greater damage to the economy.
The state can also influence big business in order to prevent monopolization of certain sectors of the economy. The Federal Antimonopoly Service is the guarantor of compliance with legislation in this area in Russia. Through this state body, control over the activities of financial "giants" (transnational corporations, international holdings), protection of competition, development of regulatory documents is carried out.
In addition to direct influence on the economy, the state can influence the financial system indirectly, through the adoption of certain laws. For example, having decided to increase customs duties on some groups of imported goods, the government makes it unprofitable to import them from abroad. By doing this, it simultaneously supports its own producers and increases GDP growth.
