COMPETITION VS. MONOPOLY DIFFERENCES, ADVANTAGES AND UZBEKISTAN'S EXPERIENCE

Tashpulatov Dilkhushbek; Amanov M. O.

Authors

Tashpulatov Dilkhushbek Termez University of Economics and Service Faculty of Economics and Information Technologies 4th year student of the Economics (industries and sectors) specialization
Amanov M. O. Termez University of Economics and Service Doctor of Philosophy in Economics PhD

Keywords:

competition, monopoly, market structure, antimonopoly regulation, natural monopoly, pricing policy, economic efficiency, Uzbekistan.

Abstract

This article presents a comparative analysis of competition and monopoly as two fundamental market structures in economic theory. Drawing on classical and contemporary economic literature, relevant Uzbek legislation, and recent statistical data, the study examines differences in pricing, output, innovation incentives, and consumer welfare between the two structures. The article also analyses Uzbekistan's ongoing antimonopoly reforms (2017–2024) and offers five targeted policy recommendations.

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References

1. Decree of the President of the Republic of Uzbekistan No. PF-4947 (7 February 2017). On the Action Strategy for the Further Development of Uzbekistan. — lex.uz

2. Resolution of the President of the Republic of Uzbekistan No. PQ-4706 (13 April 2020). On Measures to Develop Competition and Improve Antimonopoly Regulation. — lex.uz

3. Law of the Republic of Uzbekistan No. O'RQ-793 (2 September 2022). On Competition (revised edition). — lex.uz

4. Toshmatov, Sh.N. (2019). Natural monopolies in Uzbekistan and their regulation mechanisms. Economics and Innovative Technologies, (3), 45–62.

5. Hamidov, B. & Nazarov, A. (2022). Monopolistic tendencies in the digital economy and competition policy. Uzbekistan Economic Bulletin, (2), 78–95.