This guide to the antitrust laws contains a more in-depth discussion of competition issues for those with specific questions about the antitrust laws. Antitrust law: antitrust law, any law restricting business practices considered unfair or monopolistic the united states has the longest standing policy of maintaining competition among. Trusts and monopolies are concentrations of wealth in the hands of a few trusts and monopolies are considered harmful restraints of trade which alter normal marketplace competition, and. Learn about antitrust laws or competition laws these statutes protect consumers from predatory business practices by ensuring fair competition exists.
Congress passed the first antitrust law, the sherman act, in 1890 as a comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade. Definition of antitrust law in the legal dictionary - by free online english dictionary and encyclopedia what is antitrust law meaning of antitrust law as a legal term.
Ftc fact sheet: antitrust laws: a brief history o nce upon a time, way back in the 1800s, there were several giant businesses known as “trusts.
The antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing they prohibit a variety of.
Many consumers have never heard of antitrust laws, but enforcement of these laws saves consumers millions and even billions of dollars a year. United states antitrust law is a collection of federal and state government laws that regulates the conduct and organization of business corporations.
Principle competition law, or antitrust law, has three main elements: prohibiting agreements or practices that restrict free trading and competition between business.