Competition Law Benefits, Application & Monitoring: Reviewing Practices In UK, USA And Australia & Possible Benefits For Bangladesh
| Autor: | Fazluz Zaman, Munshi Samaduzzaman |
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| Rok vydání: | 2012 |
| Předmět: | |
| Zdroj: | IOSR Journal of Business and Management. 5:23-26 |
| ISSN: | 2278-487X 2319-7668 |
| DOI: | 10.9790/487x-0522326 |
| Popis: | The paper focuses on the application, monitoring, and benefits of the competition law. The topic that covers in the entire paper is mainly focuses on the importance of the competition law that particularly applies in the consumer protection that has been established in order to promote the balance and fairness in the economic consumption and spending. This paper will present the understanding on the competition law and policy that aims to protect the consumers and provide the scenarios in competition laws that is mostly based on UK, USA, and Australia. It is important for the study to discuss such matter in order to recognize the effectiveness of the policy and its applicability in trading and commerce. In addition, the aims to determine the impact of the competition law in developing countries. I. Introduction The competition law and its application is generally designed by different countries in order to prevent any harmful transactions and thus protecting the consumers from the different business organizations that tends to take advantage within the market (Lande, 2004). Upon the application of the competition policy, the monitoring of its implementation is also important in order to plan the long-term benefits. In general, the consumer protection policy creates an environment whereby the clients, customers, and consumers receive satisfaction from the delivery of goods and services needed by them. Good governance requires efficiency, effectiveness, ethics, equality, economy, transparency, accountability, empowerment, rationality, impartiality and participation of citizens. The concern of consumer protection is to ensure fair trade practices; quality of goods and efficient services with information to the consumer with regard to quality, quantity, potency, composition and price for their choice of purchase. Thus, proper and effective implementation of consumer protection law promotes good governance. |
| Databáze: | OpenAIRE |
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