competition policy
[/ˌkɒmpɪˈtɪʃən ˈpɒlɪsi/]
nounpl: competition policies
política de concorrência
1. Government regulations and laws designed to promote fair competition in markets and prevent monopolistic practices
The European Union has strict competition policy to ensure fair market practices among member states.
A União Europeia possui uma política de concorrência rigorosa para garantir práticas justas de mercado entre os Estados-membros.
2. A set of rules and enforcement mechanisms that regulate business conduct to protect consumers and promote economic efficiency
Brazil's competition policy is administered by CADE, the administrative council for economic defense.
A política de concorrência do Brasil é administrada pelo CADE, o Conselho Administrativo de Defesa Econômica.
3. Legal framework aimed at preventing cartels, monopolies, and anticompetitive mergers and agreements
The new competition policy prohibits predatory pricing and exclusive dealing arrangements.
A nova política de concorrência proíbe preços predatórios e acordos exclusivos de distribuição.
In Brazil, competition policy is a crucial regulatory tool managed by CADE (Conselho Administrativo de Defesa Econômica), established in 1962 to prevent anticompetitive practices and protect consumers. The term 'política de concorrência' reflects the country's commitment to fair market practices in a developing economy. In the USA, 'antitrust policy' is the dominant term, rooted in historical legislation against monopolies and trusts from the late 19th century. The EU uses 'competition policy' extensively as part of its unified market framework.
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