Effective competition policy in the function of corruption preventing in the economy

Corruption is insidious and wicked social evil. It is especially distinct in posttransitional economies. With that in regard, the authors first process the term corruption. Then devote their attention to the influence of corruption on economical growth. Meanwhile analyzing the levels of corruption in Serbia and elaborating the approach to this problem. At the end, the authors address the issue of the roll of the effective policy of competition in suppressing the corruption in economy.