Are United States Business Laws Effective at Promoting Fair Business Practices

The Australian Competition and Consumer Commission (ACCC) is another consumer protection agency option, the ACCC is an independent Commonwealth legal body who enforce the Competition and Consumer Act 2010. The ACCC assist consumers to resolve complaints and provide advice about consumer related disputes.

The Federal Trade Commission(FTC) was created in 1914. It was created to ensure that there were no businesses that were anticompetitive; meaning that there wasn’t one company or business that was creating a monopoly. The FTC has three main goals; they are to protect consumers, maintain competition, and advance performance. They protect the consumers by preventing fraud and making sure businesses are fair in the marketplace. They maintain competition by preventing companies from merging together and creating a monopoly. Finally, they advance performance by advancing the FTC’s performance through organizational, personal, and management excellence. The FTC is very beneficial, and although not everybody knows about it, as a consumer it helps with the economy of every American. Throughout the years since it was created, there has been more laws added that help keep businesses

During the Progressive Era, Regulatory Agencies fail to provide and do their work, legislation ere made with the purpose for the common good of the citizen that suffer from the big corporation abuse, most of the corporation state strict rule but never got to accomplish them or the personal was too much expensive. The Supreme Court during the United State v Knight Company state diminished the effectiveness of the Sherman Anti-Trust act by ruling that manufacturing was not an interstate commerce (Document 5). The Federal Trade Commission, an independent agency of the United State government, established in by the Federal Trade Commission Act. Its principal mission was the promotion of consumer protection and the elimination/prevention of anti-competitive

The paper will serve as a historical background overview of how the Federal Trade Commission Act (FTC) came into existence. The paper will also break down the key components for which the FTC covers, such as deceptive advertising, baiting and switching and consumer fraud. There will be examples

These services were created in different ways and through many different agencies. These agencies general fall into one of categories which are independent agencies, regulatory agencies,Government Corporations and Presidential commissions. A independent agency is similar to a cabinet department but on a much smaller scale with a narrower window of responsibility a few examples of agencies that fall into this category in the "Central Intelligence Agency, National Aeronautical and Space Administration and the United States Postal service" all fall into the category of independent agencies within the federal government(Patterson,2013,p.335). Regulatory agencies which are responsible for monitoring and regulating activities that affect the nations economy. An example of agencies that fall into this category include the " Environmental Protection Agency (EPA) and the Federal Communications Commission(FCC)"(Patterson,2013,p. 335). Government corporations such as "Amtrak" a train service, which is like a private corporation that charges fees to provide a service but also receives government funds to help deffer expenses. The fourth and final category is the presidential commission which is a group made of commissioner that are appointed by the President of the United States that serve as advisors on specific areas of concern which include the 9/11 Commission and the

The Federal Trade Commission (FTC) has been in protecting consumer privacy on the internet by targeting deceptive and unfair trade practices since the act was establish in 1914( Halbert & Ingulli, 2012, p. 253). According to Halbert & Ingulli (2012) the FTC banned

The Federal Trade Commission (FTC) was created in 1914 primarily as a way for the government to “trust bust” or apply regulations ensuring a free marketplace for U.S. consumers and business enterprises. In this regard, the FTC enforces antitrust viola- tions that could hamper consumer interests, as well as federal consumer protection laws against fraud, deception, and unfair business practices. The commission’s primary enforcement mechanism is the Bureau of Consumer Protection, which is divided into seven divisions: (1) enforcement, (2) advertising practices, (3) financial practices, (4) marketing practices, (5) planning and information, (6) consumer and business educa- tion programs, and (7) privacy and identity protection.21 As the federal

What is the FTC? The FTC stands for Federal Trade Commission. The Federal Trade Commission is an independent federal agency created by Congress in 1914 to help prevent unfair business practices, deception, fair trade practices, and unfair competition. The FTC’s mission is to protect the consumers by enacting laws to ensure that businesses cannot cheat people out of money and keep businesses from being unethical and immoral. The FTC takes complaints about businesses and investigates them for fraud or unfair labor practices every year (Silbersack, 2013).

The Federal Trade Commission enforces a variety of federal antitrust and consumer protection laws. The Commission seeks to

Role of the US Constitution and Legal System in Business RegulationThe Constitution of the United States and their legal system have an impact on the guidance and operation of companies in any industry. In case a person breaks a law, for example, he or she may be obliged to pay a fine or even imprisoned in the US. It works the same way with companies: if a business is found responsible for allowing its employees to violate regulations this company is subject to a fine and even closedown. For instance, companies are responsible to guarantee that all employees are legally authorized to work in the United States. Occasionally employees without proper documentation are able to get a job. The law enforcement agencies perform raids on business

The ability for the federal government to regulate businesses’ activity is given in the Constitution. Article 1, Section 8 is known as the commerce clause; it states, “Congress shall have the Power…to regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes” (Reed, 173). Through the commerce clause, the government is able to regulate business activity by the use of administrative agencies, which is defined as “a governmental regulatory body that controls and supervises a particular activity or area of public interest and administers and enforces a particular body of law related to that activity or interest” (Administrative Agency, 1). There are two types of regulatory authority that agencies may

The U.S. Department of justice has many ongoing activities to stop and prevent monopolies from creating an unfair market power while protecting the interest of the consumers. The government regulates monopolies to prevent prices from being excessive, quality of service, Monopsony power, to promote competition and control natural monopolies. The government regulates monopolies by price capping, regulation of quality of service, merger policy, breaking up monopoly, rate of return regulation and investigation of abuse of monopoly power. The government’s main purpose is to maintain equity and fairness in all markets of business. Two current activities that the Department of Justice is currently involved in are.

It is true that antitrust laws that are aimed to curb monopolistic behaviors help to promote competition in the market. Antitrust laws endeavor to encourage competition and promote the production of

Anti-trust laws apply to business conduct in interstate commerce (Jennings 520). Furthermore, these laws make sure everything is regulated accordingly and that trade takes place efficiently and effectively. There are a variety of different laws, but I will inform you about three of them: the Clayton Act, the Robinson-Patman Act, and the Federal Trade Commission Act.

United States has several laws that ensure that competition among businesses flow rely and new competitors get free access to the market. These laws intend to ensure fair and balanced competitive business practices. However, there are times when some businesses will do anything to gain competitive edge. USA has strong antitrust laws that prohibit fixing market price, price discrimination, conspiring boycott, monopolizing, and adopting unfair business practices. The history of Antitrust laws goes back to 1890 when Congress passed Sherman Act. In 1914, Congress passed two more acts: Federal Trade Commission Act, and Clayton Act. With some revisions, these three acts are still core antitrust acts.