Legal support of the economy is one of the main directions of state activity. This area is considered the most capacious of all areas of public relations. Regulatory support includes both intangible and material sectors. At the same time, regulation is carried out in various directions.
Legal support, first of all, helps to strengthen the legal basis of market relations, the formation of administrative structures for state regulation. In addition, in this way, state participation in the production process is carried out, nationalization and privatization are carried out, and the development of certain sectors of the economy is also managed .
Enough vast territories of Russia cause differences in the scale and pace of social and economic development of certain regions. So, on the one hand, the introduction of market conditions in the economy provides for the formation of an appropriate single space. On the other hand, the existing imbalances are pushing for an increase in the independence and autonomy of the regions. In this regard, the state legal support of the economic sector is of great importance. To a greater extent, it is aimed at reducing unevenness in the development of individual territories.
A significant role belongs to economic legislation. It should be noted that it is endowed with certain priorities and trends. Due to the obvious complexity, the legislation requires a special, scientific reflection. This is necessary mainly for the formation of a theoretical base for its subsequent dynamics.
Today, legal support of the economic sphere in the country, as well as in many of its subjects, is carried out through the use of adopted fundamental laws and many regulatory acts .
The basis of the problem today, according to many experts, is the determination of the relationship between the probable and real role of the legislative base in the economic sphere of the regions. Legal support in this sense pursues the goal of regulating the relevant relations within a given subject. These relations, in particular, include production (construction, industry), economic infrastructure, agriculture, credit, taxes, finances, and budget relations. Tasks for the regulation of these areas have been set before the government of the country as a whole, and of any of its region. At the same time, when solving certain problems, the peculiarities of a territorial, social, national, cultural, climatic nature inherent in a particular area are taken into account. These features largely affect the direction of the content of legal regulation of all economic activity in a particular region.
The fundamentals of economic activity are fixed in the legislation of the Russian Federation. The structure of the legislative framework includes the Tax and Civil Codes, laws on licensing, currency regulation, competition and other areas. Based on constitutional provisions, the federal government establishes appropriate taxes and fees, legal single market principles. At the same time, the legislative branch exercises financial, customs, currency, and credit management.
In the formation of regional legal support, certain areas are specified in a single vein with the federal regulatory framework. As components in the formation are the means of legal regulation of economic relations at the regional level.