- antitrust laws
- Legislation designed to encourage an *efficient market. Antitrust laws are intended to combat the activities of *monopolies and *cartels, and to enhance *competition in a market. Antitrust laws originated in the United States: The Sherman Antitrust Act of 1890 was landmark legislation that made monopoly or the restraint of trade illegal. The 1890 Act reflected growing public opinion in the late nineteenth century that legislation could be used to control the imperfections of *free-market economies. The term antitrust was adopted because "trust" was a common term for monopoly in the nineteenth century. Other landmark U.S. antitrust laws include the Clayton Act of 1914, the Robinson-Patman Act of 1936, and the Celler-Kefauver Act of 1950. Antitrust laws have spread around the world: The concept has been introduced into Italy, for example, where the term "antitrust" has been directly adopted from English into the Italian language.
Auditor's dictionary. 2014.
Look at other dictionaries:
antitrust laws — Federal and state laws created to regulate trade and commerce by preventing unlawful restraints, price fixing, and monopolies. The laws are intended to promote healthy market competition and encourage the production of quality goods and services… … Law dictionary
antitrust laws — Acts of Congress (starting with the Sherman Antitrust Act of 1890) that forbid or restrict business practices that are deemed to be monopolistic, that restrain interstate commerce, or that are anticompetitive. See price fixing; restraint of… … Business law dictionary
antitrust laws — Legislation established by the federal government to prevent the formation of monopolies ( monopoly) and to regulate trade. Bloomberg Financial Dictionary … Financial and business terms
state antitrust laws — State statutes of the same general character as the Sherman Act, but differing in scope and detail, and state constitutional inhibitions against trusts and monopolies, with directions to pass appropriate suppressive legislation, and forbidding… … Ballentine's law dictionary
antitrust — an‧ti‧trust [ˌæntiˈtrʌst] also anti trust adjective [only before a noun] LAW relating to laws in the US that make it illegal for a company or group of companies to restrict competition, set up a monopoly, or limit another person s freedom to run… … Financial and business terms
antitrust law — UK US noun [C or U] ► LAW a law that prevents companies from working together to control prices unfairly or to create a monopoly (= a single company or small group of companies that is the only supplier of something), or the area of law that… … Financial and business terms
antitrust law — Any law restricting business practices that are considered unfair or monopolistic. Among U.S. laws, the best known is the Sherman Antitrust Act of 1890, which declared illegal every contract, combination...or conspiracy in restraint of trade or… … Universalium
antitrust legislation — noun law intended to promote free competition in the market place by outlawing monopolies • Syn: ↑antitrust law • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑law * * * antitrust legislation [anti … Useful english dictionary
antitrust legislation — n [U] laws introduced in the US to encourage competition in business. Their main aim has been to prevent or control monopolies (= companies which are so large that no others can compete with them). The most important early antitrust laws passed… … Universalium
antitrust — [[t]æ̱ntitrʌ̱st[/t]] ADJ: ADJ n In the United States, antitrust laws are intended to stop large firms taking over their competitors, fixing prices with their competitors, or interfering with free competition in any way. The jury found that the… … English dictionary