REGULATORY STATE AGENCIES FUNCTIONING AS REGULATORS OF THE MARKET AND MARKET COMPETITION

All market segments such as goods, services, ideas, labour and other factors should be regulated so as to improve market organisation and also to ensure competitiveness of all market participants. Since it is about market regulation in which natural and legal persons operate, it is necessary to define issues of the status by law, by the means of the Company Law, to determine kinds of businesses, labour related legislation, criminal and misdemeanour liability, fscal and other obligations controlled by administrative and judicial bodies as well as "game rules" introduced, controlled and sanctioned by market regulators - regulatory state agencies. In a metaphorical sense a market can be seen as a football organisation where status issues are resolved by the state, football rules are determined by world and European football association, competition system is furthermore regulated by a National football association and the mere match is organised by a referee organisation and referees on the field, whereas teams and football players decide about the score in a competitive game in front of the spectators who will eventually decide, depending on the game quality, if they would come to the next match. In any of these stages there is a market impact on competitiveness with various regulators. Market can be seen both as an abstract market and a specific market where competition is realised. Market always implies: supply (competition), demand (consumer- buyer) and money (profit), game rules (regulation).