Concept information
Preferred term
antitrust
Definition
- Antitrust laws in the United States were passed to limit the economic power of large corporations that can control markets by reducing competition through concentration or through the adoption of anticompetitive methods of competition. Large corporations are not simply passive responders to the impersonal forces of supply and demand over which they have no control. [Source: Encyclopedia of Business Ethics and Society; Antitrust Laws]
Broader concept
Narrower concepts
Entry terms
- competition law
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/antitrust
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