Anti-trust laws are legislation enacted to ensure fair competition, prevent monopolies, and restrict practices that restrain trade and commerce.
The Clayton Antitrust Act is a landmark piece of legislation aimed at promoting fair competition and eliminating unethical business practices in the public marketplace.
Fair competition refers to business practices that adhere to regulations and ethical standards, ensuring a level playing field for all market participants.
The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 via the Federal Trade Commission Act. Its main functions are to promote consumer protection and eliminate and prevent anticompetitive business practices such as coercive monopoly.
A level playing field is a concept wherein government policies are designed to reduce disparities between different sectors of the economy or between domestic and international competitors. The objective is to create a fair competitive environment where no particular group or entity has an undue advantage over others.
