About

The market competition dimension incorporates market values into local and national regulatory frameworks. It demands the consideration of three points of reference namely competition, public contracts and innovations which concern laws, regulations, rules, procedures, policies, guidelines and others that affect firm flexibility and social benefits.

Market competition is an integral part of the life cycle of a firm being applicable to the conduct of commercial activities. The topics of firm life cycle which concern business stages are Business Entry, Business Location, Utility Connections, Labor, Financial Services, International Trade, Taxation, Dispute Resolution, Market Competition, and Business Insolvency. Market competition is a newly created topic which involves regulatory tools managing conduct and structure of the market and addressing the adverse effect of cartels and abuses of market power. Market competition falls under the operating and expansion dimension of business cycle because regulation of competition as well as market deregulation constitute important safeguard of market freedoms and other enjoyments of business proceeds once a business enters the market.