The Debate on Socialism Vs. Capitalism

Socialism and capitalism refer to two forms of economic systems out of the many that exist. An economic system refers to allocation, production and distribution of resources by the government of a country. The difference between these two economic systems is that of the level of government intervention with socialism being placed at maximum andContinue reading “The Debate on Socialism Vs. Capitalism”

Abuse of Dominant Market Position

The Competition Act, 2002 of India which regulates a healthy competition in Indian markets, ensuring freedom of trade and protection of consumers’ interests, prohibits every kind of anticompetitive activity in the market that can lead to unfair business trade practices. “Abuse of dominance” is strictly prohibited as per this act and sec 4 of theContinue reading “Abuse of Dominant Market Position”