RELATIONS OF PRODUCTION AND CONSUMPTION: ECONOMIC AND LEGAL DESCRIPTION THROUGH THE PRISM OF LAW OF NEED GROWTH

Urgencyoftheresearch.In the light of the importantvalue of the pattern of cause-effect relations between production and consumption,it seems quite important to explore its key economic and legal aspects.Target setting.The article presents an attempt to provide economic and law characteristics of economic relationsbetween production and consumption.Actual scientific researches and issues analysis.Is-sues considered have been analyzed in the economic sciencequite well.However, this issue is rarely explored in the context of law.Uninvestigated parts of general matters defining.In economic and legal sciences there is no unity of concepts concerning understanding of cause-effect relations between production and consumption, so the relevant issue requires complex economic and legal comparative study.The research objective.The article meaningfully representing the comparative economic and legal characteristicof cause-effect relations between production and consumption.The statement of basic materials.The relationsthat during the production, distribution, exchange and consumption of material goods, are economic, and their based on objective factors.One of the mentioned factors are economic and other human needs.The outlined relationclearly disclosed in the prism of economic law of needs growththatreflects basic and fundamental relationbetween production and consumption.Conclusions.The economic law of needs growthobtained its detailed economic analysis in the context of economic theory. The analysis of approaches of law and legislation on this subject indicates that such ways are limited in by theory of economicscience, which seems acceptable with a glance to the economic nature of the law of needsgrowth and related categories. Additionally, the content of the relevant achievements of economicsciencewas transformed into the sphere of legal categories and concepts.