Market Competition
/ˈmɑːrkɪt ˌkɒmpəˈtɪʃən/
Definitions
- (n.) The rivalry among businesses within a particular market, aimed at achieving revenue, market share, or competitive advantage, often regulated under antitrust laws to prevent unfair practices.
Antitrust laws are designed to ensure fair market competition and prevent monopolies.
Related terms
See also
Commentary
Market competition in legal contexts primarily concerns the regulation and assessment of business practices to ensure fairness and prevent market abuse.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.