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Thus Competition is a specific mechanism of the functioning of the economy which through competition and increased efficiency of market game participants leads to the optimal allocation of resources and consequently to lowering production operation costs and thus to the dissemination of increasing the availability of goods and services to innovation to increasing the welfare of society . The main function of competition is efficiency and the conditions necessary to meet it are freedom to conduct business.Freedom to choose contractors; open and equal access to the marke Under the Act on Competition and Consumer philippines photo editor Protection protection covers not only the competition mechanism itself but also the conditions necessary for its uninterrupted operation. Therefore every action of entrepreneurs aimed at any of these values should be sanctioned in accordance with the provisions of the Act in question. In addition it should be noted that the purpose of competition policy is also to protect the long-term interests of consumers.
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Consumer protection Since the analyzed act does not define consumer interests it can be assumed that it concerns economic issues that may be protected by a ban on violating the collective interests of consumers. This protection may be indirect for example due to the use of competition protection institutions the aim of which is to ensure the highest level ofconsumer welfare . At the same time the provisions of the Act provide for standards directly dedicated.
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