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competition - Apex , explanation - trust me bro

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What are laws and regulations designed to protect trade and commerce from unfair business practice?

Antitrust


What is monopolistic and restrictive trade practice under mrtp act 1969?

Monopolistic and restrictive trade practices under the Monopolies and Restrictive Trade Practices (MRTP) Act of 1969 in India refer to practices that hinder competition and create monopolies in the market. Monopolistic practices involve a single entity dominating a market, leading to unfair pricing and reduced consumer choice. Restrictive trade practices include actions that limit competition, such as collusion, price-fixing, and exclusive agreements that prevent market entry for other players. The act aimed to promote fair trade and protect consumer interests by regulating such practices.


How would you describe the evolution of business?

Business used to revolve around the practice of barter trade, where merchants would trade objects of value with each other. However, with the introduction of currency, business has since evolved into a complicated rendition of buying low and selling high.


What is the practice of controlling a country's foreign trade?

The practice of controlling a country's foreign trade is known as trade regulation or trade control. This involves implementing policies and measures, such as tariffs, quotas, and trade agreements, to manage the flow of goods and services across borders. Governments may use trade control to protect domestic industries, promote exports, or achieve economic and political objectives. Such practices can significantly influence a nation's economy and international relations.


What prompted a wave of new business and trade practices in Europe in the 16th and 17th centuries?

the global transfer of foods, plants, and animals during colonizatiion

Related Questions

Why do deceptive and unfair trade practice laws apply to insurance agents?

Deceptive and unfair trade practice laws apply to insurance agents to protect consumers from fraud and ensure fair business practices.


Mongols helped merchants who were in the business of what trade?

Mongols helped merchants who were in the business of long-distance trade. This was all done in China.


Name three new business practices of global trade?

Global trade involves business practices that cross international borders. Modern business practices may include multiple locations being used as well as telecommunication via teleconferencing.


What was established in 1914 to oversee business practices?

Federal Trade Commission


Which of these has the power to monitor and stop unethical business practices?

Federal trade commission


What are laws and regulations designed to protect trade and commerce from unfair business practice?

Antitrust


What kinds of laws govern Canadian trade practices?

Canada has a large amount of laws that govern how trading and business is carried out in the country. Most of these laws are under the subjects such as competition, international trade, unfair trade practices, and bankruptcy.


What has the author Oswald Knauth written?

Oswald Knauth has written: 'Business practices, trade position, and competition'


How did cost-benefit analysis help traders make decisions about business?

Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade. Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade. Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade. Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade.


What helped constantinople become a center of business and trade?

Its geographic position and protective city walls.


What term is used to defin an agency that regulates business?

Commission is used to define an agency that regulates business. The Federal Trade Commission is the governmental agency which regulates business. The Federal Trade Commission was established in 1914 by President Woodrow Wilson. It was established for consumer protection and the elimination and prevention of anticompetitive business practices. The FTC is still in operation today and protects consumers against unfair or deceptive acts or practices in commerce.


What us governments agency regulates consumers against false advertising and unfair business practices?

Federal Trade Commission