The Fair Trade Act

The Fair Trade Act is legislation that promotes healthy competition and prevents business practices that could harm consumers or other companies. It aims to ensure that markets remain open and fair by restricting monopolies, unfair pricing, false advertising, and other deceptive practices. Essentially, it helps create an environment where businesses compete honestly, leading to better products and prices for consumers. The act is enforced by regulatory agencies that monitor companies' behavior and take action against violations to maintain economic fairness and consumer protection.