The Importance of Competition Law in Economic Development

An economic system within competition is secured has fatal role for countries. Because, government has many important duties two of which are providing economic and social welfare. Protection of competition paves the way for using resources efficiently, producing cheap and quality commodities and services, providing of innovation in technology. Competition which is the basis of market economy provides suppliers and demanders come together freely in market conditions. In this way, competition means that distributing limited sources of society effectively and using these sources efficiently, providing quality and affordable commodities and services to consumers. Especially, providing global, local or national market economies processing compatible with competition law is possible by determining, accepting and implementing the universal rules which are related to competition law. It is certain that the agreements, verdicts and applications which are blocking or impairing competition in market of commodity and service should be prohibited. Also, the institutions which abuse their sovereignty of market should be prevented from doing this. Judicial control path is available for providing the implementation of rules related to competition law in other word providing sanction of preventions.