| gen. |
antitrust law (Legislation enacted by the federal and various state governments to regulate trade and commerce by preventing unlawful restraints, price-fixing, and monopolies; to promote competition; and to encourage the production of quality goods and services at the lowest prices, with the primary goal of safeguarding public welfare by ensuring that consumer demands will be met by the manufacture and sale of goods at reasonable prices. GTLD Alexander Demidov); antitrust legislation (laws introduced in the US to encourage competition in business. Their main aim has been to prevent or control monopolies (= companies which are so large that no others can compete with them). The most important early antitrust laws passed by the United States Congress were the Sherman Antitrust Act (1890) and the Clayton Antitrust Act (1914). → see also Taft-Hartley Act. OALD Alexander Demidov); competition law (the body of law that regulates business activities and markets, especially agreements and practices that limit competition: A delay in introducing competition laws to protect the interests of consumers in Guernsey has raised concerns. American English: antitrust/anti-trust. TED Alexander Demidov) |
