- *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
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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
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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
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