Functions of state-owned corporations in the structure of the public sector of the Russian Federation

Abstract

There are many different types of economic systems used through the world. The government attempts to control and regulate economic branches of strategic importance. Property is a fundamental element of economic power, it is a basis required to fulfill the state functions and tasks, to provide society with vital benefits such as health care, education, high living standard, life quality and well-being of citizens. A major part of production of public goods is carried out by the public sector of the country. Stateowned corporations in Russia are relatively new business structures. They have a market leading position to deal with global economic and social problems of the state.