HuskyPup - 8:34 pm on Jun 13, 2011 (gmt 0)
Er, what? Since when? Wouldn't that rule out any form of competition in business or the job market.
Hmmm...I would say superclown2 is referring to European Anti-Competitive Practices...Anti-competitive practices are best defined as strategies designed deliberately to limit the degree of competition inside a market. Such actions can be taken by one firm in isolation or a number of firms engaged in explicit or implicit collusion. Since 1998 there have been numerous investigations in industries such as chemicals, banks, pharmaceuticals, airlines, beer, and paper, plasterboard, food preservatives and computer games!
The Main Aims of Competition Policy
The aim of competition policy is promote competition; make markets work better and contribute towards increased efficiency and competitiveness of the UK economy within the European Union single market. Competition policy aims to ensure:
* Wider consumer choice in markets for goods and services.
* Technological innovation which promotes gains in dynamic efficiency.
* Effective price competition between suppliers.
* Investigating allegations of anti-competitive behaviour within markets which might have a negative effect on consumer welfare.
There are four pillars of competition policy in the UK and in the European Union:
* Antitrust & cartels: This involves the elimination of agreements which seek to restrict competition (e.g. price-fixing agreements, or cartels) and of abuses by firms who hold a dominant position in a market.
* Market liberalisation: Liberalisation involves introducing fresh competition in previously monopolistic sectors e.g. energy supply, telecommunications, air transport and postal services together with new arrangements for car retailers inside the single market.
* State aid control: Competition policy analyses examples of state aid measures by Member State governments to ensure that such measures do not artificially distort competition in the Single Market (e.g. the prohibition of a state grant designed to keep a loss-making firm in business even though it has no prospect of long-term recovery).
* Merger control: This involves the investigation of mergers and take-overs between firms (e.g. a merger between two large groups which would result in their dominating the market).
Guess what? I didn't write all that but knew where to find it:-)