Asked by
Mary Grace Meessmann
on Nov 23, 2024
Verified
Chief among the aims of the Competition Act is to prohibit conspiracies in restraint of trade, and in their place, to promote combinations within trade.
Competition Act
Legislation aimed at promoting healthy competition and preventing monopolies, anti-competitive practices within an economy.
Restraint of Trade
Legal agreements or policies that restrict competition or limit the freedom to conduct business in a specific market or manner.
- Understand the concepts of misleading advertising, restraint of trade, and restrictive trade practices as defined under the Competition Act.
Verified Answer
GS
Learning Objectives
- Understand the concepts of misleading advertising, restraint of trade, and restrictive trade practices as defined under the Competition Act.