RESTRAINT OF TRADE


Meaning of RESTRAINT OF TRADE in English

Preventing of free competition in business by some action or condition such as price-fixing or the creation of a monopoly .

The U.S. has a long-standing policy of maintaining competition among business enterprises through antitrust law s, the best-known of which, the Sherman Antitrust Act of 1890, declared illegal "every contract, combination...or conspiracy in restraint of trade or commerce."

Britannica Concise Encyclopedia.      Краткая энциклопедия Британика.