Monopolies and Anti-Competitive Practice Legislation in the UK

Business Law
TASK 3

3.1 Outline and explain the monopolies and anti
competitive practice legislation in the UK
Following are some
legislation which relates
to monopolies and
competition.
Monopolies and restrictive
practices act 1948:
Monopolies and merges
act 1965
Enterprise act 2002:

Competition and Market Authority
UK
The competition and market autjority is a non ministerial government
department in the UK.It is responsible for strengthing business competition
and prevewnting and overcoming anti competitive activities. The CMA
launched in shadow form on 1 October 2013 and began operating fully on 1
April 2014.Following atre various monoppolies and anti competitive
practices legislation in the UK-
• Monopolies and anti-competitive practices are market structural frameworks
that are interrelated with facing competition and selling goods. However,
under monopolies, it is determined that a single supplier is obtained in this
market structure that supplies goods in respect of selling goods.
• On the other hand, through anti-competitive practice, there is quite high
competition is occurred in market. Therefore, several number of buyers and
sellers are obtained for following legislation through providing healthy goods
and services to various customers.. In this regard, cut throat competition is
presented under this market structure is related with facing competition and
attracting customers for demanding related to property's transaction and
possession on it.

3.2 Role of competition commission in context of
monopolies and anti-competitive practices
• The commission of
competition of UK have
main role in stabling the
compeition pracices in the
country
• The authority makes sure
that no unfair practices of
trade are being conducted in
economy so as to create
well developed growth
measures