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Competition Policy
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust law (or just antitrust), anti-monopoly law, and trade practices law; the act of pushing for antitrust measures or attacking monopolistic companies (known as trusts) is commonly known as trust busting. The history of competition law reaches back to the Roman Empire. The business practices of market traders, guilds and governments have always been subject to scrutiny, and sometimes severe sanctions. Since the 20th century, competition law has become global. The two largest and most influential systems of competition regulation are United States antitrust law and European Union competition law. National and regional competition authorities across the world have formed international support and enforcement networks. Modern competition law h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Competition
In economics, competition is a scenario where different Economic agent, economic firmsThis article follows the general economic convention of referring to all actors as firms; examples in include individuals and brands or divisions within the same (legal) firm. are in contention to obtain goods that are limited by varying the elements of the Marketing mix for product software, marketing mix: price, product, promotion and place. In classical economic thought, competition causes commercial firms to develop new products, services and technologies, which would give consumers greater selection and better products. The greater the selection of a good is in the market, the lower prices for the products typically are, compared to what the price would be if there was no competition (monopoly) or little competition (oligopoly). The level of competition that exists within the market is dependent on a variety of factors both on the firm/ seller side; the number of firms, barriers to entry, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Refusal To Deal
Though in general, each business may decide with whom they wish to transact, there are some situations when a refusal to deal may be considered an unlawful anti-competitive practice, if it prevents or reduces competition in a market. The unlawful behaviour may involve two or more companies refusing to use, buy from or otherwise deal with a person or business, such as a competitor, for the purpose of inflicting some economic loss on the target or otherwise force them out of the market. A refusal to deal (also known as a group boycott) is forbidden in some countries which have restricted market economies, though the actual acts or situations which may constitute such unacceptable behaviour may vary significantly between jurisdictions. Definitions Australian Competition & Consumer Commission defines the refusal to deal as: The Indian Competition Act 2002 defines the refusal to deal as: In Canada, refusal to deal is considered a restrictive trade practice and is defined in Sec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Justinian I
Justinian I (, ; 48214 November 565), also known as Justinian the Great, was Roman emperor from 527 to 565. His reign was marked by the ambitious but only partly realized ''renovatio imperii'', or "restoration of the Empire". This ambition was expressed by the partial recovery of the territories of the defunct Western Roman Empire. His general, Belisarius, swiftly conquered the Vandal Kingdom in North Africa. Subsequently, Belisarius, Narses, and other generals Gothic War (535–554), conquered the Ostrogothic Kingdom, restoring Dalmatia, Sicily, Italian peninsula, Italy, and Rome to the empire after more than half a century of rule by the Ostrogoths. The Liberius (praetorian prefect), praetorian prefect Liberius reclaimed the south of the Iberian Peninsula, establishing the province of Spania. These campaigns re-established Roman control over the western Mediterranean, increasing the Empire's annual revenue by over a million ''solidi''. During his reign, Justinian also subdued ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zeno (emperor)
Zeno (; ; – 9 April 491) was Eastern Roman emperor from 474 to 475 and again from 476 to 491. His reign was plagued by domestic revolts and religious dissension, but was more successful on the foreign front. He is credited with further stabilizing the Eastern empire, while the Western Roman Empire fell following the deposition of Romulus Augustulus. Born in Isauria, Zeno was known as Tarasis before adopting his Greek name and becoming an ally of Emperor Leo I (emperor), Leo I, who saw the Isaurian general as an important counterweight against the Germanic leader Aspar. In 466, he married Leo I's daughter, Ariadne (empress), Ariadne, with whom he had a son, Leo II (emperor), Leo. On the death of Leo I in 474, Zeno's seven-year-old son took the throne as Leo II, with Zeno made co-emperor shortly after. Leo II died of an illness later that year, leaving Zeno as the sole emperor. Despite his early success in making peace with the Vandals, Zeno was an unpopular emperor due to his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edict On Maximum Prices
The Edict on Maximum Prices (Latin: ''Edictum de Pretiis Rerum Venalium'', "Edict Concerning the Sale Price of Goods"; also known as the Edict on Prices or the Edict of Diocletian) was issued in 301 by Diocletian. The document denounces greed and sets maximum prices and wages for all important articles and services. The Edict exists only in fragments found mainly in the eastern part of the empire, where Diocletian ruled. The reconstructed fragments have been sufficient to estimate many prices for goods and services for historical economists (although the Edict attempts to set maximum prices, not fixed ones). It was probably issued from Antioch or Alexandria and was set up in inscriptions in Greek and Latin. The Edict on Maximum Prices is still the longest surviving piece of legislation from the period of the Tetrarchy. The Edict was criticized by Lactantius, a rhetorician from Nicomedia, who blamed the emperors for the inflation and told of fighting and bloodshed that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diocletian
Diocletian ( ; ; ; 242/245 – 311/312), nicknamed Jovius, was Roman emperor from 284 until his abdication in 305. He was born Diocles to a family of low status in the Roman province of Dalmatia (Roman province), Dalmatia. As with other Illyrian emperors, Illyrian soldiers of the period, Diocles rose through the ranks of the military early in his career, serving under Aurelian and Probus (emperor), Probus, and eventually becoming a Roman cavalry, cavalry commander for the army of Emperor Carus. After the deaths of Carus and his son Numerian on a campaign in Sasanian Empire, Persia, Diocles was proclaimed emperor by the troops, taking the name "Diocletianus". The title was also claimed by Carus's surviving son, Carinus, but he was defeated by Diocletian in the Battle of the Margus. Diocletian's reign stabilized the empire and ended the Crisis of the Third Century. He initiated the process of the Roman Empire split and appointed fellow officer Maximian as ''Augustus (title), Augu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grain Trade
The grain trade refers to the local and international trade in cereals such as wheat, barley, maize, rice, and other food grains. Grain is an important trade item because it is easily stored and transported with limited spoilage, unlike other agricultural products. Healthy grain supply and trade is important to many societies, providing a caloric base for most food systems as well as important role in animal feed for animal agriculture. The grain trade began as early as agricultural settlement, identified in many of the early cultures that adopted sedentary farming. Major societal changes have been directly connected to the grain trade, such as the Fall of the Western Roman Empire, fall of the Roman Empire. From the early modern period onward, grain trade has been an important part of Colonialism, colonial expansion and foreign policy. The geopolitical dominance of countries like Australia, the United States, Canada, and the Soviet Union during the 20th century was connected with t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roman Republic
The Roman Republic ( ) was the era of Ancient Rome, classical Roman civilisation beginning with Overthrow of the Roman monarchy, the overthrow of the Roman Kingdom (traditionally dated to 509 BC) and ending in 27 BC with the establishment of the Roman Empire following the War of Actium. During this period, Rome's control expanded from the city's immediate surroundings to hegemony over the entire Mediterranean Sea, Mediterranean world. Roman society at the time was primarily a cultural mix of Latins (Italic tribe), Latin and Etruscan civilization, Etruscan societies, as well as of Sabine, Oscan, and Greek cultural elements, which is especially visible in the Ancient Roman religion and List of Roman deities, its pantheon. Its political organisation developed at around the same time as direct democracy in Ancient Greece, with collective and annual magistracies, overseen by Roman Senate, a senate. There were annual elections, but the republican system was an elective olig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Bork
Robert Heron Bork (March 1, 1927 – December 19, 2012) was an American legal scholar who served as solicitor general of the United States from 1973 until 1977. A professor by training, he was acting United States Attorney General and a judge on the U.S. Court of Appeals for the D.C. Circuit from 1982 to 1988. In 1987, President Ronald Reagan nominated Bork to the U.S. Supreme Court, but the Senate rejected his nomination after a contentious and highly publicized confirmation hearing. Bork was born in Pittsburgh, Pennsylvania, and received both his undergraduate and legal education at the University of Chicago. After working at the law firms of Kirkland & Ellis and Willkie Farr & Gallagher, he served as a professor at Yale Law School. He became a prominent advocate of originalism, calling for judges to adhere to the original understanding of the United States Constitution, and an influential antitrust scholar, arguing that consumers often benefited from corporate mergers an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Services
A public service or service of general (economic) interest is any service (economics), service intended to address the needs of aggregate members of a community, whether provided directly by a public sector agency, via public financing available to private businesses or voluntary organisations, or by private businesses subject to government regulation. Some public services are provided on behalf of a government's residents or in the public interest, interest of its citizens. The term is associated with a social consensus (usually expressed through democratic elections) that certain services should be available to all, regardless of income, physical ability or intelligence, mental acuity. Examples of such services include the Fire department, fire services, police, air force, paramedics and public broadcasting, public service broadcasting. Even where public services are neither publicly provided nor Public finance, publicly financed, they are usually subject to regulation beyond ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatization
Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous natio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Economy
A market economy is an economic system in which the decisions regarding investment, production, and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production. Market economies range from minimally regulated free market and '' laissez-faire'' systems where state activity is restricted to providing public goods and services and safeguarding private ownership, to interventionist forms where the government plays an active role in correcting market failures and promoting social welfare. State-directed or dirigist economies are those where the state plays a directive role in guiding the overall development of the market through industrial policies or indicative planning—which guides yet does not substitute the market for economic planning—a form sometimes r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
