Concept information
Preferred term
Federal Trade Commission Act
Definition
- the 1914 federal law that created the Federal Trade Commission (FTC); the act was designed to enforce antitrust laws (e.g., Sherman and Clayton Acts) by helping to restrain unfair practices and methods of competition including, in later interpretations, false advertising that resulted in injury to a competitor. Since an “injury-to-a-competitor” ruling does little to protect consumers from the advertising malpractices, the Wheeler-Lea Amendment was passed in 1938 to include protection of consumers.. [Source: Dictionary of Marketing Communications; Federal Trade Commission Act]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/Federal_Trade_Commission_Act
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