Competition Laws

Competition laws are regulations designed to promote fair competition and prevent monopolies in the marketplace. They aim to protect consumers by ensuring businesses compete on a level playing field, which helps keep prices fair, improves product quality, and encourages innovation. These laws prohibit practices such as price-fixing, deceptive advertising, and unfair mergers that could harm competition. By maintaining a competitive environment, competition laws help foster economic growth and consumer choice, ensuring that no single company can dominate the market to the detriment of others or the consumers.