Abstract
The two-word title of the paper evokes a one-word word for some economists, managers and students - it does not exist. It only exists on a theoretical level from the viewpoint of A. Smith, P. Samuelson, W. Nordhaus. They said that the competition is the perfect driving force behind the efficiency of the market mechanism. Prof. Briška, an university professor (1948) confirmed their theory like first economist in Czechoslovakia in his study. It was first university textbook about perfect competition. The aim of submitted paper is based on the processing of scientific and professional literature sources and empirical knowledge to point out the irreplaceable importance of perfect competition, or free competition in theory as well as in general economic practice.
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