ANTITRUST LEGISLATION


Meaning of ANTITRUST LEGISLATION in English

n [ U ]

laws introduced in the US to encourage competition in business. Their main aim has been to prevent or control monopolies (= companies which are so large that no others can compete with them). The most important early antitrust laws passed by the United States Congress were the Sherman Antitrust Act (1890) and the Clayton Antitrust Act (1914).

See also Taft-Hartley Act .

Oxford guide to British and American culture English vocabulary.      Руководство по британской и американской культуре, Оксфордский английский словарь.