Monopolies and Anti-Competitive Practice Legislation in UK

BUSINESS LAW
TASK 3

INTRODUCTION
Civil law has a branch named business law. This business law
is made to protect the rights of the people involved in some
business or for the conduct of people and to maintain the
relations of people involved in business activities. The law
have certain rules and policies and all the people involved in
trade activities has to follow those code of conduct and those
rules. According to the sale of goods act it is made to
safeguard the interest of sellers and buyers.

Monopolies and anti-competitive practice legislation
in UK.
Monopolies arise in the market where there is a single
seller and he sets the prices according to his wish. The
united kingdom has prohibited the monopolistic activities in
the market under the competitive act and they have the
rights to investigate the case of concern.
The European elements affects the competition law of
united kingdom. The UK law comprises of the most
important dimension in regards to competition law and
these are : competition act 1998 and enterprise act 2002.
The business is said to be in monopoly when he has more
than 25% market share