GROWTH DEVELOPMENT CHILD
DEVELOPMENT AND LEARNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Employment law
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Consumer Protection
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Competition law
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Intellectual Property (IP)
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Detailed explanation-1: -Competition law is the body of legislation intended to prevent market distortion caused by anti-competitive practices on the part of businesses. In the United States, Canada and the European Union, competition law is also known as Antitrust law.
Detailed explanation-2: -Competition policy is a subset of competition, and its (competition policy’s) subset is competition law. Competition policy is defined as “those Government measures that directly affect the behaviour of enterprises and the structure of industry” (Khemani, R.S. and Mark A. Dutz, 1996).
Detailed explanation-3: -Consumer Protection Act, 1986 The purpose is to protect consumers against defective goods, unsatisfactory services, unfair trade practices etc. It is concerned with complaints related to restrictive trade practices, defects, deficiency, unfair trade practices etc.
Detailed explanation-4: -Approved July 2, 1890, The Sherman Anti-Trust Act was the first Federal act that outlawed monopolistic business practices.