European competition refers to the regulatory framework and policies established by the European Union (EU) to promote fair competition among businesses within its member states. This framework aims to prevent monopolies and anti-competitive practices, ensuring that markets remain open and competitive. The European Commission plays a key role in enforcing these rules, investigating potential violations, and imposing penalties when necessary. The main objectives of European competition policy include protecting consumer interests, fostering innovation, and ensuring a level playing field for all companies. By maintaining competition, the EU seeks to enhance economic growth and improve the overall quality of goods and services available to consumers across Europe.