COMPETITION AND ITS ROLE IN A MARKET ECONOMY. TYPES AND MODELS OF COMPETITION

This article examines the economic essence of competition and its role in a market economy through a comprehensive analytical approach. It highlights the regulatory function of competition within the economic system, its importance in ensuring the efficient allocation of resources, and its role in balancing the interests of producers and consumers. The study also explores the main types of competition, including perfect competition, monopolistic competition, oligopoly, and monopoly, providing a detailed explanation of their distinctive features. The findings demonstrate that competition is a fundamental driver of market efficiency, innovation, and sustainable economic development.