The task of a competition authority (also called) is control of the free-market economy. Such authorities exist in almost all countries with capitalistic restaurant way. Partially the control function is taken over also by the supervision of share of the stock exchanges, applies then however only to enterprises on shares, noted there.

Causally competition authorities result from the observation that during a market domination the prices can be raised, and competitive enterprises same market in accordance with width unit into the bankruptcy to be floated can. This can lead beyond the bare obstacle of dependent industries even to heavy social conflicts. This leads the law to the resolution of laws, which work against that, in Germany applies at present against restraints of trade of 1958. By the European restaurant area today a set of legal regulations also by the European commission are determined.

The tasks of the competition authorities of the different states are often very similarly regulated, observed restaurant incidents also in other countries lead to preventing regulations, in other countries worked satisfactorily instruments to market control are taken over. Admits is for instance the case, with which in the USA already trust prohibition prevailed, was sued in Germany however an enterprise by other members of a trust for the adherence to a trust contract and one condemned. Also today in the freedom of contract formed connections of enterprises are examined again and again among themselves, and later forbidden. Example is here the until recently valid connection of treaty system places at marks of the automobile industry.

Well-known competition authorities are

• the Federal Cartel Office in Germany as well as the national trust authorities
• the Federal trade Commission (FTC) in the USA

Articles in category "Competition authority"

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