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Prevantion of import & export trade
Monopolies And Restrictive Trade Practices, 1969(MRTP Act)
The Diffence between the MRTP Act 1969 and The Competition Act 2002 is as follows -The MRTP Act was enacted in the Pre Liberalisation era whereas the Competition Act is enacted in the Post Liberalisation era;The Object of the old Act was to prevent the economic concentration in one Common detriment, curbing unfair trade practices, ane to check monopolistic activities, on the other hand the object of the new Act is to promote and Sustaining Competition in the market and to to ensure the freedom of trade and to protect the interest of the consumer in whole;The MRTP Commission has the advisory role only whereas the later has some effective role including that of initiating suo moto actions and impose punishments to the entities having some adverse effect in the market.
The function of the MRTP Commission is to make sure a business is not using a monopoly to control prices of product or cost of production. MRTP stands for Monopolies and Restrictive Trade Practice.
The function of the MRTP Commission is to make sure a business is not using a monopoly to control prices of product or cost of production. MRTP stands for Monopolies and Restrictive Trade Practice.
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MRTP organisation
The Consumer Protection Act 1986 aims to safeguard consumers against unfair trade practices and protect them from exploitation. It ensures the rights of consumers to seek redressal for any defective goods or deficient services. The act also aims to establish consumer councils at various levels to promote consumer rights awareness.
Type your answer here... MRTP (Monopolistic Restrictive Trade Practice) A monopolistic trade practice is essentially a trade practice which represents the abuse of the market power in the production or marketing of goods, or in the provision of services.
The laws were effective in accomplishing their objectives because it kept communism out of the United States. The four pieces of legislation were: Espionage Act, Sedition Act, Alien Registration Act, and the Internal Security Act.
There are three objectives to the Health and Safety at Work Act. Two of these are Protecting people against risks to health or safety, and Securing the health, safety and welfare of the people at work.
The main objectives of the Bhakra Dam, across the Sutlej River, were to provide water for irrigation, to generate electricity, and to act as a tourism spot.