Proceedings of the International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2018)

Implementation of Justice Principles in Competitive Business Competition

Authors
Osgar S Matompo
Corresponding Author
Osgar S Matompo
Available Online November 2018.
DOI
https://doi.org/10.2991/icblt-18.2018.30How to use a DOI?
Keywords
fair principles; business competition; competitive
Abstract
Unhealthy competition occurs because of the existence of few producers or because the market structure is pure monopoly (no competition). The actors in their business activities bear a dual purpose in addition to fight to obtain some benefits also to meet the needs of the community about the availability of goods and services. This paper is aimed at describing the implementation of justice principles in regulating competitive business. The type of study is a normative legal study traced by statute and conceptual approaches. Data were obtained through the literature study and the book of laws governing the justice principles. Results showed that the function of law in realizing business competition can be effective if the rule of law is obeyed. The nature of the business competition law regulatory function is the legal capability of realizing market structure, market conduct and market performance that are not easily distorted and monopolistic so that the market conditions remain perfect.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Osgar S Matompo
PY  - 2018/11
DA  - 2018/11
TI  - Implementation of Justice Principles in Competitive Business Competition
BT  - Proceedings of the International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2018)
PB  - Atlantis Press
SP  - 124
EP  - 128
SN  - 2352-5398
UR  - https://doi.org/10.2991/icblt-18.2018.30
DO  - https://doi.org/10.2991/icblt-18.2018.30
ID  - Matompo2018/11
ER  -