State regulation in the field of protection of competition Cover Image

Държавното регулиране в областта на защитата на конкуренцията
State regulation in the field of protection of competition

Author(s): Rositsa Toneva
Subject(s): Economy, Law, Constitution, Jurisprudence, Constitutional Law, Business Ethics, Commercial Law
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: competition; State governance; economics; competitiveness
Summary/Abstract: Competition is the main mechanism of the market economy, which affects supply (producers, traders) and demand (intermediate customers, final consumers). It is a tool of guaranteeing consumers a good ratio between the quality and the price of the goods and services. Competition forces the market players to strive to be competitive and economically efficient. But in order for the competition to be effective and its goals to be achieved, it needs to be regulated by the state. It is only the state who has the power to ensure the establishment and regulation of the economic relations, the course of economic processes in line with benefiting the public and to maintain law and order in the fulfillment of competition tasks.