restrictive trade practice
Restrictive Trade Practice
Any agreement between people in a particular trade or business that restricts free trade in a market. For example, several producers may join together to form a cartel and fix prices; or a manufacturer may refuse to supply goods to a retailer if the retailer stocks the products of a rival company.
Restrictive trade practices are generally illegal in the UK and USA.
Restrictive trade practices are generally illegal in the UK and USA.
© RM 2009. Helicon Publishing is division of RM.
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