Why Should Consumers be Interested in a Competition Law & Policy?

Overview

Competition is a process of economic rivalry between market players to attract customers. Fair competition benefits consumers and the economy. This paper aims at generating awareness that could be helpful for a common person to identify anti-competitive practices in the market place and seek action to rectify the same. It describes various facets of competition, deals with certain common myths about competition in the market and describes various types of hurdles to competition. The paper also carries several examples of competition action on commonly consumed goods and services in the form of real cases from across the world.