Definitions for unfair competition
un·fair com·pe·ti·tion

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1. unfair competitionnoun

   In commercial law, any of various distinct areas of law which may give rise to criminal offenses and civil causes of action, usually including antitrust violations such as restraint of trade and predatory pricing, trademark infringement, passing off or palming off, and misappropriation of trade secrets.

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1. unfair competition

   Anti-competitive practices are business or government practices that prevent or reduce competition in a market. Antitrust laws differ among state and federal laws to ensure businesses do not engage in competitive practices that harm other, usually smaller, businesses or consumers. These laws are formed to promote healthy competition within a free market by limiting the abuse of monopoly power. Competition allows companies to compete in order for products and services to improve; promote innovation; and provide more choices for consumers. In order to obtain greater profits, some large enterprises take advantage of market power to hinder survival of new entrants. Anti-competitive behavior can undermine the efficiency and fairness of the market, leaving consumers with little choice to obtain a reasonable quality of service. Anti-competitive behaviour is used by business and governments to lessen competition within the markets so that monopolies and dominant firms can generate supernormal profits and deter competitors from the market. Therefore, it is heavily regulated and punishable by law in cases where it substantially affects the market. Anti-competitive practices are commonly only deemed illegal when the practice results in a substantial dampening in competition, hence why for a firm to be punished for any form of anti-competitive behaviour they generally need to be a monopoly or a dominant firm in a duopoly or oligopoly who has significant influence over the market. Anti-competitive behaviour can be grouped into two classifications. Horizontal restraints regard anti-competitive behaviour that involves competitors at the same level of the supply chain. These practices include mergers, cartels, collusions, price-fixing, price discrimination and predatory pricing. On the other hand, the second category is vertical restraint which implements restraints against competitors due to anti-competitive practice between firms at different levels of the supply chain e.g. supplier-distributor relationships. These practices include exclusive dealing, refusal to deal/sell, resale price maintenance and more.

How to pronounce unfair competition?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say unfair competition in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of unfair competition in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of unfair competition in Pythagorean Numerology is: 1

Examples of unfair competition in a Sentence

1. The Commission:

   This can create wage differences between posted and local workers and potentially lead to unfair competition between companies. This means that posted workers are often remunerated less than other workers for the same job.

2. Jeffrey Halley:

   The China government is concerned about actual or possible monopolistic behavior, and the sheer size of the incumbents, either leading to unfair competition or squeezing out new players and reducing competition.

3. Peter's Almanac:

   It's hard to create humor because of the unfair competition from the real world.

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Unfair_Competition
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Unfair_Competition