The article will outline the antitrust laws and the purpose they serve. Antitrust laws serve in protecting large corporations as well as corporations, while protecting the consumer.
Protection of Consumers
The antitrust laws are enacted to ensure that businesses and corporations cannot act in ways that adversely affect consumers. If you want to see the general prosperity of our economy there must be an adequate amount of competition, which will ensure abundance of goods and service for a fair price. This is simply the general need and demand.
Antitrust Law: How it Got Its Start
The federal government was able to demolish “trusts” that were created by one business by enforcing the antitrust legislation. These trusts were formed by bigger companies. This reduced competition and also allowed businesses to raise their prices because they could only provide a certain product or service.
Although antitrust laws play a important role in almost everyone’s lives, most of us don’t notice the effects. If antitrust laws were ever removed, the world would have much less competition, and greater limited resources, which could result in increased prices and poor life quality.
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