Competition has very beneficial effects on the market and economic system. In order to properly govern competition in the market and economic system, special attention must be paid to its principles. The important question that this article seeks to answer is what are the principles governing competition law and what are the major challenges to these principles? These principles comprise two general principles. These two principles are the principle of prohibition against competition and the principle of the abuse of a superior economic position. These two principles face three major challenges in implementing the economic system. The three challenges are management challenge, organizational challenge and legal challenge. The purpose of this paper is first to provide a scientific and legal examination of the principles governing competition and, secondly, to provide a practical solution to removing the challenges and barriers to the application of competition principles to the market and economic system. This paper is a descriptive-analytical one and concludes that the implementation of competition in the economic system and the implementation of its principles can have a significant impact on the rapid growth and development of the national economy, but as long as the challenge is met. If its obstacles and obstacles are not overcome, this goal will not be achieved.