ANALYSIS OF THE REGULATORY FRAMEWORK REGARDING COMPETITION IN THE EUROPEAN UNION
Authors: Simion MORARU, Irina RAEVSKAIA, Victoria MORARU
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Competition, in general, is a rivalry (driven by economic means of the economic freedom) between competitors to seize markets for the sale of goods, services, and purchases of factors of production (by removing the rivals). The competitors’ rivalry is caused by the fact that they all want the same result and the market resources at each period are limited.
Competition is one of the objective conditions necessary to ensure an adequate development of technical and economic progress, of the prosperity of the population. The market and stigma competition with destructive force for some competitors ultimately ensures a general balance by creating a system of interdependence of the economic sectors so that any activity in a certain sector is correlated with activities in the other sectors. Disparities, with some state interventions, ensure a proportional distribution of resources, motivate producers to invest in performing technologies, in human capital, which through creativity ensures a high productivity, efficiency and excellent product quality. Businesses that have achieved such results provide a long-lasting high revenue.
Competitiveness is the ability of a manufacturer to successfully pass the competitive test on the domestic as well as the external market, ensuring a superior revenue from production factors’ capitalization. The significance of this market economy is binomial: competition and competitiveness are growing in the context of deepening the processes of globalization of the world economy at the current stage. The purpose of this article is to study and generalize the European legal basis and competition policy. The European experience of over 60 years in this field, and especially, the economic results are of particular interest to the transition economy of the Republic of Moldova.