Antitrust Legislation Book Reviews

AUTHOR
iMinds
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136

Antitrust Legislation by iMinds Book Summary

Learn about Antitrust Laws with iMinds Money's insightful fast knowledge series. 

Competition is an essential part of the free market. The competition between participants in the market promotes efficiency. This occurs as the supply of a product is improved to provide more attractive prices than a competitor can offer. Competition also drives innovation, as producers develop superior products and services to gain the favour of buyers. As all competitors engage in such behaviour, productivity and efficiency increase, contributing to economic growth.

All suppliers of a similar product should theoretically offer similar prices in relation to the supply of and the demand for their product. If a company raises the price of its product, consumers will instead buy from a competitor who offers a similar product as a lower cost. As a result, markets should not require regulation by government and should operate to the benefit of consumer welfare. 

Therefore, competition works to provide economic benefit to the consumer and promote economic growth. However, business practices and behaviours can distort competition to the benefit of the producers. In order to prevent such manipulations of the market, antitrust legislation is put in place to protect the economic welfare of consumers.

iMinds will hone your financial knowledge with its insightful series looking at topics related to Money, Investment and Finance.. whether an amateur or specialist in the field, iMinds targeted fast knowledge series will whet your mental appetite and broaden your mind. iMinds unique fast-learning modules as seen in the Financial Times, Wired, Vogue, Robb Report, Sky News, LA Times, Mashable and many others.. the future of general knowledge acquisition.

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Book Name Antitrust Legislation
Genre Business & Personal Finance
Published
Language English
E-Book Size 1.79 MB

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Summary of Antitrust Legislation by iMinds

The Antitrust Legislation book written by iMinds was published on 23 October 2010, Saturday in the Business & Personal Finance category. A total of 136 readers of the book gave the book 0 points out of 5.

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