As you know, the system is a set of interrelated or interacting elements, combined with the overall quality and integrity of certain generators, and relations between them and between their properties. In modern literature there are two views on the socio-economic system. In a broad sense it is a "phenomenon of the society, which defines a" coordinate system "in which it performs its vital functions" [1. 47]. From this perspective, the socio-economic system is localized in the economic space and time, as well as in relation to its alternatives. This system, which has some historical, geographical, ethnic, religious, political and economic boundaries. This in turn means that it is embodied in a particular state and political education. Accordingly, as an example of socio-economic system can bring the country's political system, market economy, egalitarian policies of the USSR. In the narrow sense of the socio-economic system is a collection of resources and economic entities, which form a single unit (socio-economic structure), interrelated and interacting in the production, distribution, exchange and consumption of goods and services demanded by the external environment [1 with. 48]. It should be noted that this definition does not fully disclose the nature of socio-economic system. Indeed, the economic activity involves the solution of economic problems, however, in our opinion, it should not be limited to matters of reproduction of the social product. It is also advisable to include in the scope of the socio-economic systems activities related to public services (health, environment, etc.), and the creation and transfer of new knowledge (research, public education). Against this background the author proposed to consider the socio-economic system as a community of people and economic entities, which form a whole, interconnected and interoperable for achieving social product, the creation of new knowledge and non-productive services to society. From this perspective, the socio-economic system can be any enterprise and any organization having two key at-signs, distinguished O. Kozlova [2. 5]. Firstly, people are engaged in processes of production and management should act as the main elements of it. Second, under this system should be established to tangible and intangible benefits, the gross social product, knowledge, services, public demand and need for a full existence and development of society. References: 1 Buzgalin A. The theory of socio-economic transformations (past, present and future economy of "real socialism" in the global post-industrial world) / A. Buzgalin, AI Kolganov. - Moscow: TEIS, 2003. - 356. 2 Theory of the management of socialist production: A Textbook for Students Ing. - Econ. specials. universities / Ed. O. Kozlova. - Moscow: Economics, 1983. - 432.