"Regulation of Competition"

Regulation of competition refers to laws and rules established by authorities to ensure fair and open markets. Its goal is to prevent monopolies, promote healthy rivalry, and protect consumers from unfair practices like price fixing or exclusion. By overseeing how businesses compete, regulators help foster innovation, maintain quality, and ensure that no single company gains excessive control that could harm the economy or consumer choices. Essentially, it creates a balanced environment where businesses can compete ethically while benefiting society as a whole.