Journal of Academic Research and Trends in Educational Sciences Journal home page: http://ijournal.uz/index.php/jartes THE ROLE AND SIGNIFICANCE OF COMPETITION AND MONOPOLY IN THE ECONOMY Tuychieva Nodira 1 Baxrom Xaydarov 2 Quziboyev Zafar 3 Jizzakh branch of the National University of Uzbekistan KEYWORDS ABSTRACT competition, main functions of competition, price, dumping price, monopoly, monopolistic competition This article refers to the development of the country's economy through competition, the role of competition in the economy and its tasks, how a monopoly is created, its negative and positive sides, methods of combating monopoly or measures to create monopolistic competition. 2181-2675/© 2022 in XALQARO TADQIQOT LLC. DOI: 10.5281/zenodo.7381536 This is an open access article under the Attribution 4.0 International(CC BY 4.0) license (https://creativecommons.org/licenses/by/4.0/deed.ru) 1 Assistant, Jizzakh branch of the National University of Uzbekistan, Jizzakh, Uzbekistan 2 Assistant, Jizzakh branch of the National University of Uzbekistan, Jizzakh, Uzbekistan 3 Student, Jizzakh branch of the National University of Uzbekistan, Jizzakh, Uzbekistan