COMPETITION POLICY AND ITS IMPACT ON SOCIETY
COMPETITION POLICY AND ITS IMPACT ON SOCIETY

Summary/Abstract: The competition policy gets in the center of international relations in the last decades. One of the main reasons why competition is considered more and more is because of the European common market. We understand that the competition policy is very important in managing the market, but also we are interested to see how much importance it has in assuring social welfare. To see if the competition policy influences social welfare, first of all, we analyze the impact of it on the consumer and its behavior. Then we focus on the consumer behavior influence on the social welfare. After analyzing multiple papers, we get to the conclusion that the competition policy as a cumulus of rules and laws bring advantages to the consumer as a part of the society and that social welfare, understood as happiness and contentment of the society is influenced by the consumer behaviour.

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