economic competition policy

Economic competition policy refers to laws and regulations designed to promote fair competition in markets. Its goal is to prevent monopolies and anti-competitive practices, ensuring that businesses compete fairly for customers. This encourages innovation, better prices, and more choices for consumers. By overseeing mergers, preventing price-fixing, and breaking up companies that dominate a market, competition policy helps maintain a healthy economy where all companies can thrive, ultimately benefiting consumers and society as a whole.