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Abstract

The purpose of the research is to assess determinants of competition in the social market economy and enterprises. Two research methods was applied: literature review and benchmarking. The results of conducted analysis indicate that the social market economy based on free competition creates better conditions of economy development than neo-liberalism, providing the balance between private and social aims and higher consistency with sustainable development theory. Interference of market mechanism with administrative competition reduces effectiveness of public support and its transparency and social justice.

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