Market competition: comparative economic and legal characteristic

Abstract

In the legal and economic sciences the “competition” concept is considered as a complex economic phenomenon, in particular such as a process of competitiveness among economic entities, as a market state, as particular types of economic relations, as a mechanism of market self-regulation, and so on. Upon the economic and law approaches to the understanding of the competition concept in some degree differ in content, because when economic theory is aimed at identifying and disclosing of economic essence of the competition and patterns of its existence and development, then the law is aimed at consolidation of the economic essence of this category, as well as at ensuring of her protection.