ANALYSIS OF THE COMPETITION AND ITS INFLUENCE ON BUSINESS DEVELOPMENT

Vaduva Cecilia
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Vaduva Cecilia: UNIVERSITY CONSTANTIN BRANCUSI FROM TARGU-JIU

Annals - Economy Series, 2023, vol. 4, 154-158

Abstract: This article is intended for anyone interested in knowing the basic rules and existence of a market economy. The right to competition is one of the additional conditions of regulation, i.e. the free movement of goods, service personnel and capital. It is a legislative decision aimed at the formation and existence of an undistorted competitive environment. It was believed that traders, whether at the national or community level, should interact as freely as possible without being adversely affected by economic agents, scestor associations or the state. From a practical point of view, the legality of the legislative provisions constitutes the negative impact of business closure sanctions on the power status of associations of economic entities. In a well-functioning market economy, compliance with competition rules supports economic progress, protects the interests of customers and the competitiveness of existing products and services in the economy, while ensuring that consumers are protected from the influence of other products on the market.

Keywords: business; competition; development; strategy; technology (search for similar items in EconPapers)
Date: 2023
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