Competition regulations

Competition regulations are laws designed to promote fair competition in the marketplace. They prevent monopolies, where one company dominates a market, and ensure that businesses compete honestly, without unfair practices like price-fixing or misleading advertising. These regulations aim to protect consumers by fostering innovation and ensuring a variety of choices. They help maintain a level playing field, so small businesses can thrive alongside larger ones, ultimately benefiting the economy and society as a whole. Regulatory authorities oversee and enforce these rules to ensure compliance and encourage a vibrant market environment.