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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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What is the function of commission?
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.
Which organization keep a check on prices of essential commodities?
MRTP organisation
What is nature of mrtp act 1969?
Prevantion of import & export trade
Difference between mrtp act and competition 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.
What function of government combines the executive and legislative function into a single body?
Commission plan
What is the meaning of MRTP?
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.
Functions of Securities and exchange commission in Nigeria?
The function of the Securities and Exchange Commission in the country of Nigeria is to oversee the transactions of stocks. The commission has broad powers to uphold the integrity of the exchange.
What is the function of the UK's Audit Commission?
The primary function of the UK's Audit Commission is to appoint auditors to a range of local public bodies in England, set the standards for auditors and oversee the work of auditors. This is a statutory corporation in the UK.
What is the difference between an agency and a commission?
An agency is usually an organization or a company that represents a business, while a commission is a group of persons in charge of a particular function.
What form of municipal combines the executive and legislative function into a single body?
Commission plan
What Act was replaced with the introduction of Competition Act 2002?
Monopolies And Restrictive Trade Practices, 1969(MRTP Act)
What form of municipal government combines the executive and legislative function into single body?
Commission plan
