Competition as a Business Incentive: the Legal Aspect
Competition is one of the basic conditions required for a market economy. The matter examined in the presented article is the legal basis of the competition. This article treats the substance of the competition as the key driver of any business activity. The author focuses on a number of features of the concept in question, including a combination of private and public interests declared a specific feature of the competition as a business incentive. In the work were used following methods: the comparative legal one, the technical one, the logical one, the analytic one and the synthetic one. Some contemporary law scientists make attempts to make the competition law constitute a separate legislation branch. The author notes that the competition law may not constitute a separate legislation branch because of absence of any theoretically founded branch-forming characteristics. The study carried out by the author let him draw a conclusion that the incentive capacity of the competition is most pronounced in the framework of the civil law regulation based on the freedom-of-contract doctrine which sums up the concept in question.