What does the term "antitrust" refer to in regulatory politics? 🔊
The term "antitrust" in regulatory politics refers to laws and policies designed to promote market competition and prevent monopolies. Antitrust regulations aim to ensure fair business practices, protect consumers, and promote innovation by limiting corporate power. Governments enforce these laws to dismantle monopolistic structures and prevent anti-competitive behavior, fostering an economic environment where diverse players can thrive. A robust antitrust framework is crucial for maintaining a healthy economy, balancing the interests of businesses with those of consumers and ensuring equitable markets.
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