Competition policy government

  • What is the competition policy in the EU?

    European Union competition law is the competition law in use within the European Union.
    It promotes the maintenance of competition within the European Single Market by regulating anti-competitive conduct by companies to ensure that they do not create cartels and monopolies that would damage the interests of society..

  • Competition makes the market more efficient, and will translate into competitive prices for goods and services.
    Competition spurs businesses to be more productive, innovative and responsive in order to compete for consumers.
    What are the Key Features of a Competition Law?
competition policy, public policy aimed at ensuring that competition is not restricted or undermined in ways that are detrimental to the economy and society. It is predicated upon the idea that competitive markets are central to investment, efficiency, innovation, and growth.
There are three main areas traditionally covered by competition policy: restrictive practices, monopolies, and mergers. Restrictive practices—for instance, 
Competition policy government
Competition policy government

Purchases by a government body

Government procurement or public procurement is the procurement of goods, services and works on behalf of a public authority, such as a government agency.
Amounting to 12 percent of global GDP in 2018, government procurement accounts for a substantial part of the global economy.

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