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Big amount of welfare aggregates used in worldwide practice to assess the degree of material and spiritual public needs satisfaction do not reflect enough both objective and subjective constituents of the concept when making intertemporal comparison of the society welfare. This article presents the methodology to study a transformational economic system. The authors consider the systems approach to be the base of the issue study. According to this approach, the economic system developmentdoi:10.15405/epsbs.2017.01.84 fatcat:e76t62nz2jf55dkcpaxjdjakmu