Competition – the Premise of a Sustainable Business Model: Meanings and Types

In terms of market economies increasingly complex competitive environment reflects a prerequisite in ensuring transparent competition. This paper proposes an overview of the main meanings and characteristics of the competition, from a perspective of a viable and stable economic environment. Elements such as the transparency of market, regulations on entry and exit a given market, economic development opportunities or the possibilities to stimulate, are decisive vectors in boosting and potentiation of competition. That competition importance is expressed by the functions it fulfills in the implementation of market relations. Depending on the evolution of these relations, competition has extended its influence on multiple elements of market economy.