Description
Fostering competition involves creating and maintaining conditions that encourage multiple actors to participate actively in a market or sector. This strategy aims to prevent monopolies, reduce barriers to entry, and stimulate innovation, efficiency, and consumer choice. By promoting fair rules, transparency, and equal opportunities, fostering competition remedies issues such as price-fixing, market stagnation, and lack of diversity in products or services, ultimately driving better outcomes for society and the economy.
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Facilitates
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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