The link between theories of competition and the implication for economic policy under the conditions of economic resilience

Abstract

In this article, the authors highlight the relevance of classic theories regarding competition behavior and involvement in the economy. The involvement of competition for economic policy requires the adoption of measures and strategies that promote a healthy, fair and efficient competitive environment in the economic markets. Competition is essential to drive efficiency, innovation and economic growth, and economic policies must be geared towards ensuring conditions that allow competition to function properly. Modern economic policies must balance competition with sustainability goals. This includes promoting socially and environmentally responsible business practices without compromising competition. Engaging competition in economic policy under conditions of resilience involves creating a framework that not only maintains competition, but also uses it as a tool to enhance the economy's ability to cope with and adapt to various shocks. This requires flexible, innovative and coordinated policies that protect consumers, stimulate innovation and ensure the diversity and adaptability of the economy.