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MONOPOLIES and restrictive trade practices ACT, 1969 came into force from 1st June, 1970, and has been amended in 1991. Besides adversely affecting economic growth, it blunted Indian companiesP ability to grow, consolidate and improve competitiveness.
MONOPOLIES and restrictive trade practices ACT, 1969 came into force from 1st June, 1970, and has been amended in 1991. Besides adversely affecting economic growth, it blunted Indian companiesP ability to grow, consolidate and improve competitiveness.
Hak Cipta:
Attribution Non-Commercial (BY-NC)
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MONOPOLIES and restrictive trade practices ACT, 1969 came into force from 1st June, 1970, and has been amended in 1991. Besides adversely affecting economic growth, it blunted Indian companiesP ability to grow, consolidate and improve competitiveness.
Hak Cipta:
Attribution Non-Commercial (BY-NC)
Format Tersedia
Unduh sebagai PPT, PDF, TXT atau baca online dari Scribd
is an important piece of economic legislation designed to ensure that the operation of the economic system does not result in the concentration of economic power to the common detriment.
The act came into force from 1st June, 1970,
and has been amended in 1991. m
V
ë egulation of ë ontrolling monopolies and monopolistic trade prevention of practices. concentration of economic power. ë egulating restrictive ë rohibit monopolistic, and unfair trade restrictive and unfair practices. trade practices. |
mt means in order to maximize profit and to increase market power, certain business firms unreasonably charge high prices to prevent competition in the production & distribution of goods by adopting unfair trade practices. mt is a trade practice which represents the abuse of the market power by charging unreasonably high prices.
| ë egulation of production and fixing the term of sale.
ë rohibiting any action that restricts
competition.
ë ixing standards for goods produced.
÷ trade practice which restricts or reduces competition may be termed as estrictive Trade ractices and it harm the consumer interest. Because of their adverse effect on the consumer and public interest, they are sought to be regulated in almost every country of the world.
ë The practice shall not be repeated.
ë The agreement shall be void and shall
stand modified in such a manner as may be specified in the order.
nfair trade practice means a trade practice
which, for the purpose of promoting the sale, use or supply of any goods or for the provision of any service, adopts any unfair or deceptive practice.
ë The practice shall not be repeated.
ë ÷ny agreement relating to such an T
shall be void or shall stand modified in such a manner as may be directed by the commission.
The M T ÷ct, besides adversely affecting economic growth, blunted mndian companies¶ ability to grow, consolidate and improve competitiveness. This has had a very dampening effect on their global competitiveness. M:- ÷ ÷ K.V.