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Purpose: The purpose of the work is to specify the concept of business system, which allows overcoming the multitude of its treatments and contradiction of scientific research, devoted to its research and allows building the conclusions into the economic theory.

Methodology: A generalized notion of business as a clearly organized corporate economic subject that conducts entrepreneurial activities for the purpose of obtaining income (profit) is offered. For studying it, the methodology of the systemic approach is used.

Conclusions: The specified concept of business system allowed unifying within the common scientific category the existing concepts of economic subject (organizations, companies, corporations, and business structures).

Originality/value: Advantages of the offered concept of business system is systemic character (category “business system” could be used during research in the sphere of management, economics, and law), universal character (the offered concept allowed reflecting internal and external environment of the business system, which allows conducting microeconomic and macroeconomic research on its basis), and clarity (the offered concept reflects the essence of notions of business and illustrated them). The offered conceptual model of modern business system is to be a foundation for theoretical and empirical research, including interdisciplinary.

The purpose of the research is to classify conflicts in socio-economic systems.

It is determined that the existing narrow classifications of conflicts in socio-economic systems within various conceptual approaches partially cross and sometimes contradict each other – so they have to be systematized. For that, the methods of structural and functional analysis and analysis of causal connections are used, with the help of which the author determines criteria of classification of conflicts and their forms for obtaining the most precise system of their classification.

The expanded classification of conflicts in socio-economic systems according to such criteria as form of manifestation of conflict, level of manifestation of conflict, character of causes of emergence of conflict, source of conflict sources, sphere of management of conflict, and expected dominating consequences of conflict is offered. Due to this, it is possible to determine the type of conflict and to select the corresponding managerial measures.

The offered classification possesses the following advantages, as compared to the existing narrow classifications of conflicts in socio-economic systems within conceptual approaches to treatment of the essence of conflict. The first is universal character: the offered classification cannot be used as to all socio-economic systems. Due to this, it will be in demand by systems of various levels – regardless of their specifics. The second is connection to management: the offered classification allows determining the type of conflict and offers recommendations for its management. Due to this, classification of conflicts will be in demand by subjects of conflict management, which will allow increasing effectiveness of this management.