Law Commons^™

The Legal Nature Of Competition, Muhammad Bani Miqdad

Jerash for Research and Studies Journal مجلة جرش للبحوث والدراسات

Competition is the cornerstone of the liberal market economy on essential mechanism for durability because of the various benefits it create for the different market stakeholders, including consumers and producers, and the optimum utilization of available resources. Under competition, everyone is free to practice the commercial activity he wish, to choose the place of entity and nature of activity. Competition means the free working of market mechanisms as represented by demand/supply between producers and consumers, the freedom of getting into market and trading honestly and transparently in commercial transactions. Unfair competition is when a trader follows unlawful or trickery I …