The article dwells on the peculiarities concerned with the formation of transaction costs in traditional agrarian economy springing up at all stages of a transaction agreement. Hereby, one should take into account that under the conditions of institutional changes and the formation of a new contradictory institutional environment an amount of transaction expenditures grows quickly. However, their basic part bears a concealed character. It happened because the notion of transaction costs is comparatively new even in science, especially in regard to traditional agrarian economy. A proper form of accountability hasn`t been elaborated yet. In financial-economic documents transaction sector isn`t singled out properly today. All this creates difficulties for an assessment of transaction expenditures and their application. This situation has become a source of non-official incomes in traditional agrarian economy for the persons in charge of the reforms conducted.
transaction costs, traditional agrarian economy, institutional changes, reforms, modernization, concealed incomes, transformation
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