Competition policy

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OBJECTIVE

Competition policy IN INDIA seeks to prevent restrictive business practices and market structures that significantly lessen competition. The objective of such a policy is to maintain and encourage competition in order to foster greater efficiency in resource allocation and maximise consumer welfare. These objectives are achieved through an inter-face with other economic policies affecting competition in local and national markets.


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This article is from Wikipedia. All text is available under the terms of the GNU Free Documentation License.


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