Abstract—The concept of economic policy and the practical economic policy diverge from each other at a certain stage of development. This is related to the concept of realization of the underlying problems. It comes with all the problems emerged in the market oriented economic order due to the political processes based on social welfare policy. The realization of the concept of economic policy is impeded by economic and political obstacles. If you want to fill the appeared between the concept and reality, it is necessary to identify and avoid these obstacles. It requires the following: increase of the level of the knowledge of prevention technology in understanding of economic relations, as well as political aspects of the formation of ideas; perfection of economic policy toolkit, and political methods. It is necessary to realize what is the main precondition of implementation and further development of the concept of economic policy, as well as the formation of opinions about economic and public safety. This is a broad consensus on the basic values of the content and the scale of action, which the general public wants to be realized. Keywords—Economic Policy, Basic Problems, Social Welfare Policy. I. INTRODUCTION HE concept of economic policy can be defined as a general framework conditions of the action of economic policy, its guideline, or fundamentals. When such a concept is based on the principle of rationality, it represents broad and wide-ranging general objectives of well-founded and sustainable system. It also contains order policy principles; compatible with to them and directed toward the objectives with conformal means. From this position, the economy is nothing more, than a composite part of broader public purposefulness. The economic concept facilitates the rational economic policy decision-making. Without this basis, the rational decision-making on the on-going economic policy issues is linked to lots of aspirations and action ability. It also means a thorough understanding of the fundamental values and common objectives. The concept of economic policy exactly allows of pre-selection of correct action capabilities. It sets the rules for intervention as a criterion of applying the means [1]. The concept of economic policy enables us to reach some economic policy decisions directly, without any inspection of maximum amount of activity. The concept determines their (decisions) compatibility with the larger objectives of society that contributes to the realization Revaz Gvelesiani and Irina Gogorishvili are with the Department of Economic policy, Faculty of Economics and Business, I. Javakhishvili Tbilisi State University, Tbilisi, Georgia (phone: +995-577 939090; e-mail: revaz.gvelesiani@tsu.ge, irina.gogorishvili@tsu.ge). of the certain objectives of economic policy. When methodological norm is rationality, then the concept is a result of critical reflection. This fact is the key to that which doesn't include logical contradictions. Although, the concept determines the direction of economic policy action, but that does not mean that it predicts what kind of political changes of economic policy will take place in the future and how the separate processes related to it will develop. For this reason, with the means of aspects of operability, the objectives formulated in the concept are out of doubt. Meantime, the goal of management teaching theory is not quantitatively a precise determination of the regularities of economic policy, although it links to each other certain means and objectives. The economy is not characterized by such regularities. Due to the permanent social changes, their legitimacy is limited in time. As to the concept, it contains a system of long-term relations between objectives and means. Therefore, on one hand, it provides the tenets about the scope of action in which the certain tool might act to reach the formulated objective; on the other hand, it determines its compatibility with the principles of the order policy [2]. The concept of economic policy is linked to the order policy that is indicated by the relations between means and principles permitted by the concept. In such relations, preliminary processes of coordination are also understood. The concept is coherent and rigid, when the tools and other principles given in it, with the mean of specific aspect of the decision, meet coordinated and harmonized conditions of action. So, the market coordination is in compliance with the principles of inviolability of property. Private actions which are based on the principles of competition are in full compliance with the requirements of economic policy management, carried out through the information policy and data changes. The attempts to replace the coordination of private economic actions with state management in a direct violent manner would be incompatible with the market demands. Therefore, first of all, an important practical result is obtained in the sense of freedom of action. It comes, how properly the conformal system, based on the principle of coordination, is functioning. II. METHODOLOGY Both general and specific research methods, such as analysis, synthesis, induction, deduction, scientific abstraction, comparison, statistical methods (selection, grouping, observation, dynamics, etc.), static methods and expert assessment are used in the research. In order to define the The Basic Problems for the Realization of the Concept of Economic Policy R. Gvelesiani, I. Gogorishvili T World Academy of Science, Engineering and Technology International Journal of Economics and Management Engineering Vol:8, No:11, 2014 3729 International Scholarly and Scientific Research & Innovation 8(11) 2014 ISNI:0000000091950263 Open Science Index, Economics and Management Engineering Vol:8, No:11, 2014 publications.waset.org/10001644/pdf