The success of the Competition policy is to provide more product varieties with enhanced quality whereas the failure is the wastage of resources for enhancing the production.
The policy of Competition was introduced in the year 1998 in the country of South Africa for regulating the competition.
The objectives of the Competition policy were to encourage the growth, efficiency, and adaptation feature in the economy of South Africa and the purpose of providing products to the customers at competitive prices and with varied alternatives.
Therefore, the introduction of competition policy has both the success and failure of its own which are explained above.
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