Laws and Regulations for Purchasers: Monopolies and Anti-Competitive Practices

Business
Law
Task 3

Cover Content
• Introduction
• Monopolies and anti-competitive practice
• Role of competition commission
• Dominant position within EU common market
• Instances under EU Law exemptions
• References

Introduction
Law is a cluster of norms, beliefs, provisions, rules and regulation
which is designed and enforced by governmental institution for
regulating behaviour of whole society. Therefore, this presentation
is going to highlight the laws which need to be followed by
purchaser while buying any product for minimizing the
probabilities of risky situation. Moreover, monopolies and anti-
competitive practices of UK is also explained for understanding
the eminent role of competition commission associated with this
monopolies.

Monopolies and anti-
competitive practice
Legal bodies of UK have enacted numerous of Acts and laws for
preventing anti-competition practices which are described as
follows-
•The Competition Act 1998
•The Enterprise Act 2002
•Enterprise and Regulatory Act 2013
•Business, Innovation and Skills (BIS)