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

Fair competition in the market provides benefits to both consumers and society. However, in some cases, competitors adversely affect the commercial interests of each other by resorting to illegal methods. Such a competition in which competitors use illegitimate means is regarded as illegitimate and unlawful. In order to clarify the nature of unfair competition, this paper examines the concept of unfair competition and its various instances. For a better understanding, it also compares the concept of unfair competition with some relevant institutions.