Fostering competition
Description
Fostering competition involves creating and maintaining conditions that encourage multiple entities to vie for resources, customers, or opportunities. This strategy aims to prevent monopolies, stimulate innovation, improve quality, and lower costs by removing barriers to entry, enforcing fair regulations, and supporting transparency. By promoting a level playing field, fostering competition remedies issues such as market stagnation, inefficiency, and consumer exploitation, ultimately driving economic growth and societal benefit.
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Value
SDG
Metadata
Database
Global strategies
Type
(C) Cross-sectoral strategies
Subject
- Commerce » Conditions of trade
Content quality
Yet to rate
Language
English
1A4N
J4409
DOCID
12044090
D7NID
194833
Editing link
Official link
Last update
Dec 3, 2024