lawyer database Search Lawyer
Browse Lawyer by Country, State (US & Canada) or Specialization

monopoly

A situation in which a substantial proportion of a particular type of business is transacted by a single enterprise or trader. The Fair Trading Act 1973 contains provisions assigning functions in respect of monopolies to the *Director General of Fair Trading and the Monopolies and Mergers Commission. It defines a monopoly situation, in relation to the supply of goods and services and the export of goods, as one in which a single enterprise, connected group of companies, or trade association has one-quarter of the relevant business. When the Monopolies and Mergers Commission finds that a monopoly situation exists and operates against the public interest, the Minister has powers to remedy or prevent the adverse effects.

Browse Law Term

A . B . C . D . E . F . G . H . I . J . K . L . M .
N . O . P . Q . R . S . T . U . V . W . X . Y . Z .

Search Law Term


term description


Maintenance by aneas | disclaimer