Is EU competition policy a good thing?

It is a good thing because it lowers prices for consumers.
98% (157 votes)
It is a bad thing because it restricts firms growth.
2% (3 votes)
Total votes: 160

Comments

The EU competition policy is a good thing because the equilibrium price is established on the market. The EU has European competition commissioners who control the problems of competition on the market. If a company wants to control the market (for example food sector) it can establish low prices for its goods. In this case European competition commissioner must investigate the process of the formation of the prices. As s result such company can be fined or given a limited access to such market.
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Someone said that the competition and competitors push you to achieve more. I think that the EU competition policy is a good thing. But, as in most cases, a good thing bring some advantages but also some disadvantage for both sides, both for customers and businesses. For businesses, one disadvantages can be the fact that competition lessen your market share and reduce customers base. On the other hand, also for businesses this can be an advantages because you need to improve quality for your products and services. From the customers point of view, it's good to have more option, more choices. The more competitors there are trying to offer you the same products and services that you need, the more option you will have and that means that you can choice the best one. A market without competition policy can also lead to monopolies, that means that the biggest player dominating the market. While competition policy can bring innovation and give consumers more choice, too much competition can be a disadvantages to smaller businesses. In this case, consumers left with the biggest company, the company who holds the monopoly.
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Nobody talks about economies of scale or about exporting firms?
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The topic is very ambiguous, however, I think that EU competition policy enables the development of its own business and a partial protection against foreign business, which stimulates greater employee involvement, an increase in economic development and, accordingly, an even larger market for sales.
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Competition is always a good thing. It forces us to do our best. According to the Treaty of Rome (Articles 101–109) the top priority of EU was to remove and prevent obstacles to fair competition within the common market. Interestingly, much modern policy making is based on the assumption that it is generally a good thing if businesses, universities and schools to solidly compete with each other. It encourages them to be efficient and innovative to meet the needs of their customers. It is rather a condition for boosting jobs, economic growth and investment, a connected Single Market, a resilient Energy Union with a forward-looking climate change policy. Agreements which contribute to improving the quality production or distribution of goods or to promoting technical or economic progress may be exempted, provided that consumers are allowed a fair share of the resulting benefit and that the agreement does not impose unnecessary restrictions or aim to eliminate competition for a substantial part of the products concerned. What's more, businesses with a dominant market position must not abuse their position in a way which adversely affects trade between EU member states. Mergers and takeovers with an EU dimension are to be monitored by the European Commission and may be prevented in certain cases. Enforcement of competition law should focus on economic assessment of the actions of the undertaking concerned and evaluation whether actions under consideration might cause damage to the consumers. Protection of the interest of the consumers should be given priority in relation to the protection of the competitors and should be implemented in line with the goal of protection of competitive process and effective rivalry as such.
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Living in a post-capitalist society, competition has become a leading force of progress and innovation. The idea of ongoing development and prosperity is definitely a thing everyone strives to, at the same time local businesses, enterprises, and transnational companies need to be regulated in order to keep balance and again avoid monopoly. At the same time, they need support and guarantees for sustainable development. EU competition policy is a great example of such a mix. Furthermore, EU is a flagship in terms of competition policy that is beneficial for consumers and business at the same time. While mostly we focus on the positive aspect of such policy which is definitely remarkable, there is still some space for improvements. For instance, the issue of balance between regulations and competition policy or uncertainties about state aid and its alignment with the policy itself.
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In my opinion, EU competition policy is a good thing because competition puts businesses under constant pressure to offer the best possible range of goods at the best possible prices. In this way consumers can be happy because they can choose from the best prices on the market. From the other point on view, Eu competition policy can restrict firms growth, because they should respects some special standards. So, in conclusion with this EU competition policy you can win some good prices, but if you are an entrepreneur you can not make your business perfect.
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The main aims of competition policy are to promote competition, make markets work better and contribute towards improved efficiency in individual markets and enhanced competitiveness. In my opinion, EU competition policy is a good thing because protect and promote the interests of consumers through increased choice and lower price levels, and more than that ensures technological innovation which promotes efficiency in different markets. So, EU competition policy forces businesses to offer the best possible products at the best possible prices, because if they don't, consumers have the choice to buy elsewhere.
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The adventage of EU competition policy comparing with national compatition authorities is its power to bring to justice companies which don't follow a rules of market. It is about fair trading. I am convinced that to become a monopolist is easier than to find innovative ways of improving goods and services for being more competitive than other firms. When we clean a market from monopoly and cartels agreement we will observe a growth of goods quality and innovations. There is a complicated issue of energy monopoly in Ukraine. Customers suffers from increasing of energy tariffs and there is no protection of them. So, that's why I consider that EU pompetition policy is a good thing.
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In theory, EU offers a fair place for businesses. Sometimes giants from overseas try to play like a monopoly, Google, Microsoft, energy companies, telecom. The competition policy defends the consumer and push companies to innovate if they want to grow on EU territory. Consumers always win if they live in a real competition area. If monopolies are imposed their products using dominant position clients, don't have the chance to know or receive quality for decent prices. EU is not an ideal market, but everything is perfectible. Complying with competition policy is a requirement for all companies and a desirable thing for consumers.
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