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

Nasimov Ozodbek Jurabek ugli,Ismailov Feruz Farhodovich,Iskandarov Begzod Abdujalilovich

Authors

Nasimov Ozodbek Jurabek ugli,Ismailov Feruz Farhodovich,Iskandarov Begzod Abdujalilovich Samarkand Institute of Economics and Service Banking and Finance Facultety Student,Samarkand Institute of Economics and Service Banking and Finance Facultety Student,Samarkand Institute of Economics and Service Senior Lecturer, Department of Economic Theory

Keywords:

competition, market economy, perfect competition, monopolistic competition, oligopoly, monopoly, competition models, Cournot model, Bertrand model, Stackelberg model, market mechanism, economic efficiency

Abstract

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.