How do we compete in the digital economy?
Innovate and adapt
You need to constantly monitor the trends and changes in your industry and the wider economy.
You need to be ready to adopt new technologies, processes, and business models that can give you an edge.
You also need to experiment and test new ideas, products, and services..
What are relevant markets in competition law?
In competition law, a relevant market is a market in which a particular product or service is sold.
It is the intersection of a relevant product market and a relevant geographic market..
What is digital market competition law India?
The MCA-appointed Committee on Digital Competition Law (CDCL), which was set up on February 6, has been tasked to examine the need for an ex-ante regulatory mechanism for digital markets through a separate legislation.
It has also been tasked to prepare a draft Digital Competition Act..
What is the digital market competition law?
The law aims to address issues related to anti-competitive practices, data protection, and fair competition in the digital market, which are crucial for the growth and development of the digital economy.
The rise of digital platforms has revolutionised the way businesses operate and consumers interact..
What is the impact of relevant market in competition law?
They provide a framework for assessing market power, analysing competitive effects, and ensuring fair competition.
While the determination of relevant markets can be complex, it is essential to consider factors such as product characteristics, pricing, and consumer substitutability..
- In competition law, the relevant market acts as a filter that delineates that part of commerce within which competition law assesses companies' market behaviour.
This contribution considers how competition law can reconcile the legal concept of the relevant market with its economic roots. - Innovate and adapt
You need to constantly monitor the trends and changes in your industry and the wider economy.
You need to be ready to adopt new technologies, processes, and business models that can give you an edge.
You also need to experiment and test new ideas, products, and services.