COMPETITION AND CONSUMER LAW ASSIGNMENT HELP
With the increase in COMPETITION AND CONSUMER LAW ASSIGNMENT HELP, the needs of students are growing effectively, assignmenthelppoint has provided expert competition And Consumer Law and consumer law assignment help for students. With the rise in consumerism, issues regarding product satisfaction, consumer grievances, fair competition, and pricing have presumed a tremendous sense of urgency. This is displayed in the superfluity of laws which the legislators have promoted in order to protect the rights of the consumers. While this is certainly a piece of very good news for consumers, for students, however, this means studying a significant number of topics. Our well-versed competition and consumer law assignment help by the best consumer experts can assist you in preparing your consumer essays.
What Is Competition And Consumer Law?
According to our competition and consumer law assignment help writers, competition and consumer laws concerns with the body of laws which are enacted by the government in order to regulate corporate malpractices and prevent unfair competition among businesses to protect the rights of the consumers. Competition and consumer laws are basically legislated by government agencies and it deals with a number of relevant issues. The most important issues in competition and consumer law assignment are:
- Fair Trade
- Extended Warranty
- Product recall
Consumer and Competition Regulation Issues
According to our writers of competition and consumer law assignment, consumer and competition regulations falls under the wide category of business laws. Other areas of business law such as corporate laws, environmental laws and intellectual property laws mainly deal with the interest of the businesses, competition and consumer laws are primarily enacted in support of the consumers. To properly understand this let’s discuss each of these issues one by one.
According to our experts of competition and consumer law, competition laws basically deals with a set of laws that seek to maintain market competition by regulating anti-competitive conduct by business houses. It is also known as anti-competition and anti-trust laws in some countries like the USA. While competition within countries is protected by national competition laws, international trade and commerce are usually dealt with international trade agreements. Until 1994, the General Agreement on Tariffs and Trade (GATT) dealt with international trade. The enacted was done to promote international competition by reducing tariffs and other trade barriers. World Trade Organization (WTO) replaced it in 1994. Three areas are generally discussed in Competition law which are :
- Monopoly and dominance: Competition laws prevent large firms from holding large market shares in order to protect consumers from paying higher prices and getting inferior quality products. Gather more information from our competition and consumer law assignment service by competition experts.
- Mergers and acquisitions: Merger and acquisitions lead to the concentration of power in the hands of a couple of big firms. Competition laws seek to avoid them. Receive expert guidance through our competition and consumer law assignment
- Intellectual property and innovation: Protecting intellectual property rights promotes healthy competition and leads to product innovation. To understand it further refer to our competition and consumer law assignment.
Anti-trust is closely related to competition. Anti-trust laws refer to a collection of laws which promote fair competition among businesses and curtail corporate malpractices. According to our experts of competition and consumer law, in various countries, they are also known as competition laws. In countries like the USA, they are specifically known as Anti-trust legislation. In the USA, they are covered under federal and state government laws and are the Sherman Act of 1980, the Clayton Act 1914 and the Federal Trade Commission Act of 1914. Our assignment on competition and consumer law covers the following areas:
- Cartels and Collusions: According to our experts of competition and consumer law, one of the most essential areas of Anti-trust laws is Cartels and Collusions. In economics, cartels and collusions concerns with those agreements which are usually reached between competing firms of a particular industry in order to control market prices and prevent the entry of new competitors. For example in Anti-trust law, those in the US, especially seek to prevent such cartels. One can find more about it in our competition and consumer law assignments.
- Restrictive practices relating to prices: Few restrictive practices relating to prices are illegal and are therefore covered by anti-trust laws as well. In reference to our competition and consumer law assignment help material, some of these practices are:
- Price fixing : Market prices are fixed at a certain level by participants on the same side of the market by controlling the demand and supply.
- Bid rigging : It is a form of rigging where a contract is already promised to one party, whereas for the sake of appearance, bids are invited from several parties. One can get to know more in our competition and consumer law assignment help.
- Market sharing : It is also known as dividing territories, which refer to a practice of staying out of each other’s way in order to prevent competition and control prices. One should refer to our competition and consumer law assignment help for detailed information.
- Group boycott : According to our competition and consumer law assignment help writers, it refers to the boycott of a particular firm by two or more competing for business houses until the firm concurs to stop doing business with a potential competitor of the businesses which are conducting the boycott in the first place.
- Vertical and horizontal integration: In horizontal integration, a company acquires the production units which might be sources of potential competition, while in vertical integration the company seeks to buy out all the supply chain of the process so as to eliminate competition. Which are illegal according to anti-trust laws. For more information refer to our competition and consumer law assignment help.
- Monopolization: According to our experts, Monopoly practices can be explained on how to control a specific business enterprise of either the supply of a particular commodity or the market or the entire industry. There are four types of monopoly practice:
- Monopoly : A condition where there are only one supplier and multiple buyers.
- Monopsony : A condition where there is only one buyer in the market and a number of sellers.
- Oligopoly : Oligopoly is a market condition where the market is dominated by a small number of suppliers.
- Predatory pricing : A market condition where few companies with huge cash reserves can sell their products at highly reduced rates so as to eliminate competition from the market.
According to our experts of competition and consumer law, fair trade can be explained as a special type of social movement initiated by developing countries in order to give the producers of commodities in those countries fair price. This movement aims at sustainable development and hopes to align global trade practices with environmental standards and all-around social development. The prices of fairtrade are especially followed in commodities like handicrafts, coffee, chocolate, gold, bananas, cotton, wine etc. The raw materials are produced by some of the poorest countries and are exported to the rich countries of Europe and America. Our writers of competition and consumer law assignments discuss this elaborately.
- Extended warranty
According to our experts of competition and consumer law, an extended warranty is a warranty which is extended beyond the normal period of warranty for the benefit of the consumers. The warranty administrator, manufacturer and the retailer provide the warranty. The most common examples of such warranties are to be found in automobiles and electronics which are mentioned in our competition and consumer law assignments.
- Product recall
Product recall is an extremely controversial area of consumer protection laws, it states that the recall of a particular product after some safety issues or product defects have been found. According to our experts of competition and consumer law, a country’s consumer protection cell deals with such issues. It is quite common in the FMCG industry. Dell, Apple, Toshiba, Lenovo recalled their computers from the market after it complained that the Sony batteries inside the computers got overheated and caught fire in August 2006.
Transparency refers to the general principle that informs most of the laws of consumer protection. It can relate to the product sold, the price structure followed and the selection of the markets where the product is sold. Elucidated explanations are provided by our experts.
The need of Help In Competition And Consumer Law Assignments
Students need competition and consumer law assignment help since this field is vast and involves a number of interlocking issues which need careful assessment, especially in competition and consumer law assignments.