Competition Policy Explained

Economies prosper when they feature competitive markets. Competition fosters innovation, improves the quality of products and services, and offers choice and lower prices for consumers. When competition is limited, markets stagnate and consumers suffer. As a result, policy makers have established a suite of tools, known as competition policy, to counteract anti-competitive practices and encourage competition in their markets.

This video explains the basics of competition policy and its impacts. There are three key areas of competition policy that antitrust agencies look at when evaluating anti-competitive business behaviour: restrictive practices, monopolies and cartels, and mergers.

Competition policy, as we know it today, was based on the US model from the 1960s and has since received only minor revisions from time to time. Our modern economy, which is dominated by big tech platforms, has upended competition policy and presents complex new challenges for law makers.

[jeninabuhijelh]

Thankyou for this video. The information is brief and well put.

[RodneyGomes-twrm]

Does the competition act touch on when recommendations are given by government employees such as police example ( release, recommend one all the time instead of going if of there approved list)

[voranartsirisubsoontorn]

Upended??? With great Intention of Yours, Hope success upon You soonest. Any support, tell (except money haha).

[protector]

Apple had full rights to kick them off of “their” Apple’s own platform.

[joebrenner]

How about a little bit of FUCKING ENFORCEMENTS 'round here?