PROCUREMENT INSTITUTE FOR STATE AND MUNICIPAL NEEDS AS A SOCIO-ECONOMIC PHENOMENON
Institute of public procurement arouses the particular interest for the study of its nature and patterns of development. The study of the socio-economic nature of this phenomenon requires a multi-vector approach. As a basic concept used the concept of “public value”. This article discusses the possible steps of the state (municipal) procurement, covers the basic functions of the Institute of state and municipal procurement as an element of economic activity.