Enterprise in competition law

  • What does competition mean in business law?

    What is business competition? Business competition is the contest between organizations that provide similar products or services or that target the same audience of consumers.
    Businesses compete to convert and retain customers, increase revenue and gain more market share..

  • What is dominant position in competition law?

    In terms of Section 4 of the Competition Act, 2002, Dominant Position means a position of strength, enjoyed by an enterprise, in the relevant market, in India, which enables it to: Work independent of any competitive forces prevailing in the relevant market or..

  • What is the relevant market under the Competition Act?

    Section 2(s) of the Act defines the relevant geographic market as a market that includes an area where the competitive conditions for the supply or demand of goods or services are clearly similar and distinguishable from the conditions prevailing in neighbouring areas..

  • Why is competition good for the economy?

    Basic economic theory demonstrates that when firms have to compete for customers, it leads to lower prices, higher quality goods and services, greater variety, and more innovation. [1] Competition is critical not only in product markets, but also in labor markets..

In doing so, we aim to draw out the main challenges of enforcing competition law against SOEs and look for ways to address them. All related materials for the 
Like private firms, State-owned enterprises (SOEs) might seek to maximise profit, even if they ultimately re-invest the surplus that they earn. Alternatively, 

Can a single institution enforce both regulation and competition law?

3 2 2

The same institution is responsible for regulation and competition enforcement 77

At the other extreme from the institutional model just described, one finds the empowerment of a single authority to enforce both regulation and competition law

This is relatively rare

Is a favourable approach to the enforcement of competition law a good idea?

One issue with such a favourable approach to the enforcement of competition law is that it opens the door to the cumulative application of regulation and competition rules to the same conduct, with concomitant concerns about due process and double jeopardy

Box 4 Ne bis in idem

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