Anti-trust policies are measures taken by governments to prevent monopolistic practices and promote fair competition in markets. They aim to break up or regulate large corporations that hold excessive market power.
Related terms
Sherman Antitrust Act: Passed in 1890, this federal law prohibits certain business activities that restrict competition and aims to preserve economic fairness.
Clayton Antitrust Act: Enacted in 1914, this law further strengthened anti-monopoly regulations by prohibiting specific conduct such as price discrimination and exclusive dealing.
Monopoly Power: Refers to a company's ability to control or dominate a particular market, often resulting in limited competition and potential harm to consumers.