Competition policy aims to ensure, wider consumer choice, technological innovation and effective price competition. If achieved, the above aims contribute to both consumer welfare and to the competitiveness of the industry. The main thrust of competition policy is to ensure that, companies compete rather than collude, dominant companies do not abuse their market power, and efficiencies are passed on to final consumer in the firm of lower prices and better products. In the real economy, …
showed first 75 words of 1695 total

showed last 75 words of 1695 total
…greater equality, faster growth, full employment, stable prices and the provision of public goods; it is necessary for government to intervene in the economy. As it is said about huge advantages of competition, a lack of competition will remove the incentive of market to become more efficient. Competition policy needs to be applied thoroughly not in specific market in specific period but in the global economy and in the ever long run of the economy.