UDC 339.137
DOI: 10.36871/u.i.k.2024.12.01.002
Authors
Svetlana S. Kuyantseva,
Lela V. Chkhutiashvili,
Kutafin Moscow State Law University (MSAL), Moscw, Russia
Abstract
The article is devoted to the key role of competition in the economy of the Russian Federation. Competition acts as an “engine” that encourages companies to improve their products using new technologies, new equipment, new methods, and optimize production to meet the realities of demand. Competition helps to increase the efficiency of companies. In modern realities, when manufacturers strive to meet increasing demand and offer the maximum possible number of goods, it is extremely important for companies to maintain and increase labor productivity and save used resources. And one of the best directions in the context of globalization, contributing to the development of healthy competition, will be the further improvement of the legislative framework in the field of competition protection, which will create a favorable environment for business development, including small and medium-sized, and will also encourage companies to conduct their business honestly and openly.
Keywords
competition, economy of the Russian Federation, improvement, product, improvement of the efficiency, companies, saving of used resources, improvement of the legal framework, favorable environment.
