Unfair competition and comparison with the concept of trade-related institutions

Abstract

Fair competition in the market provides benefits to both consumers andsociety. However, in some cases, competitors adversely affect the commercialinterests of each other by resorting to illegal methods. Such a competition inwhich competitors use illegitimate means is regarded as illegitimate andunlawful. In order to clarify the nature of unfair competition, this paperexamines the concept of unfair competition and its various instances. For abetter understanding, it also compares the concept of unfair competition withsome relevant institutions.

Keywords

• unfair competition
• competition
• unfair competition law