The essence of public property commercialization
Commercialization is one of the main ways to privatize public property in the countryside. The author considered the experience of commercialization of several Eastern and Eastern European countries. This article provides the implementation mechanism of the process of commercialization of public property in the agricultural sector. Having analyzed a number of legislative acts of the Russian Federation, having studied the scientific works of many scientists in the economic sphere, the author examined the effects of commercialization of public property and came to the following conclusions. We can say that the process of commercialization of public enterprises of agrarian and industrial complex is the process of separating enterprises on effective and ineffective, because it enables us to identify non-viable enterprises, that will be the subject to privatize. Commercialization results in the reduction of public deficit and of inflation as well as in the recovery of money economy in the country. This is due to either the reduction or the elimination of state subsidies and investments in commercialized companies. The commercialization process has to go to the next method of denationalisation of property that is to privatization. Therefore, it can be considered to be a transitional step towards privatization.