What is antitrust regulation?
The regulation of antitrust law is the legislation designed to dissolve or prevent the formation of monopolies. Its purpose is to protect small businesses from the destruction of unfair tactics and protect the public by providing better prices through competition. In most countries around the world, there are rules designed to prevent or reduce monopolies, also known as cartels . Large companies have joined to create confidence by signing a trust agreement. Representatives of companies appointed administrators who were given the power to set prices and maximize the profit by removing the competition. Effective was to create large monopolies that would use the competition to competition from business and then sold their products at the highest price they could order under the cost of prices and other unfair practices. This resulted in several large monopologging a significant part of the consumer market.
The Sherman's antitrust act, which passed in 1890, became the first American antitrust legislation. He forbade all agreements on trust and all the steps that would result in a trade restriction. In 1914, Clayton's law changed Sherman Act and banned discrimination in prices between customers, requires customers to buy other undesirable goods to obtain their required products, and make unlawful shares in another company to create a monopoly. The Federal Business Commission (FTC) was also established for the primary purpose of monitoring businesses and promoting antimonopoly regulation.
In Canada, the antimony Regulation is enforced through the Office for Economic Activities, an agency for a coercive body that is accused of investigating complaints for cartels or monopoles, and monitor -jigsmugs to ensure that fair business practices are used. Like the US, the UK, Australia, New Zealand and most of the otherH Country, Canadian Law prohibits companies to enter into agreement to limit competition, such as pricing or offers, customer or market assignment, delivery limitation or use of boycott to eliminate competition. The Bureau also reviews the proposed commercial merger and issues the recommendations of the approval of the Minister of Finance, which has the final approval for merger.
The Office for Just Trading is the Ministry of the Government founded in 1973 for recovering antitrust regulation in the UK. This department reviews the proposed merger, carries out market studies and enforces laws under the Act on Competition. It also monitors consumer credit practices through licensing regulations and issues a recommendation to the legislative choir concerning the issues of compliance with the anti -monopolese compliance related to the European Community regulations.
The contract of which has created a European community explicitly solved antimonopoly regulation and enforcement. In addition to the dohoDu over the merger of companies within the Member States of the European Union (EU) also regulates the number of direct or indirect auxiliary members of the government giving national societies. The purpose of this supervision is to protect markets with open borders created by the EU.
Australia for Competition and Consumer Commission is an independent Office for the Community established to promote antitrust regulations and fair business practices in Australia. Although its primary responsibility is to ensure that individuals and businesses work fairly, it also regulates national infrastructure services. Australia is a member of the Economic Cooperation and Development Organization (OECD), which consists of representatives of 30 democracies around the world, which serves as an international forum for solving many questions of globalism, including business and business practices.