Year: 2025
Type: article
Abstract: State control over competition plays a pivotal role in ensuring the efficiency and fairness of market economies.While competition drives innovation, lowers prices, and boosts economic growth, the absence of proper regulation can result in monopolistic practices, market distortions, and diminished consumer welfare.This article examines the dynamics of state-controlled competition, focusing on the mechanisms governments employ to prevent anti-competitive practices and regulate market structures.These mechanisms not only aim to enhance economic efficiency but also ensure consumer protection, public transparency, and equitable access to resources.The article delves into the challenges regulators face in modern economies, including the complexities of globalization, digital markets, and growing market concentration.These challenges highlight the need for regulators to adapt traditional approaches to suit contemporary economic conditions.Furthermore, the article emphasizes the critical need for a balanced approach to regulation, where state intervention preserves competitive markets without stifling innovation.Article asserts that effective state control is essential to fostering sustainable competition that benefits both consumers and businesses.
Source: SCIENTIFIC WORK
Author: Javid Maharramov
Institution: Baku State University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4409811591