global competition policy

Global competition policy refers to a set of rules and agreements that countries implement to promote fair competition in international markets. It aims to prevent monopolies and anti-competitive practices, ensuring that businesses compete fairly while protecting consumers and fostering innovation. By collaborating, countries can address issues like market manipulation, price-fixing, and unfair trade practices that can harm consumers and hinder economic growth. Effective global competition policies help create a level playing field, benefiting economies worldwide and ensuring that consumers have access to quality products and services at fair prices.