The article is a presentation of legal mechanisms as an institution which creates business in accordance with the concepts of new institutional economy. The essence and functions of law, mechanism of shaping the economy by the law and potential models of law as the institution regulating the economic system have been presented. In addition, the problem of legal awareness with decision makers and economic subjects has been highlighted.
Financed by the National Centre for Research and Development under grant No. SP/I/1/77065/10 by the strategic scientific research and experimental development program:
SYNAT - “Interdisciplinary System for Interactive Scientific and Scientific-Technical Information”.