How Do Antitrust Laws Ensure Fairness
BUSN-115
03/23/2014
The United States of America has laws and regulations set into place to ensure fairness and equality abroad in the corporate America. Agencies such as the Federal Trade Commission and the Consumer Protection Agency are the two largest. Their main priorities are to focus in on corporate responsibilities and make sure they abide by fair human rights standards, whilst keeping balance abroad and promoting competitive business practices.
“Employment equity laws and policies focus on redressing inequalities by requiring employers to plan to end discriminatory practices facing women, racialized and aboriginal peoples, people living with disabilities and others who are similarly disadvantaged.” ("Employment equity laws ensure workplace fairness | …show more content…
These laws and regulations are protecting the consumers and employees of America. The FTC will audit any company or individual whom goes against these laws. Obviously for some time now anti-trust laws have had a huge impact in America.
“Yet for over 100 years, the antitrust laws have had the same basic objective: to protect the process of competition for the benefit of consumers, making sure there are strong incentives for businesses to operate efficiently, keep prices down, and keep quality up.” ("The Antitrust Laws | Federal Trade Commission", 2014)
“In addition to its authority to investigate law violations by individuals and businesses, the Commission also has federal rule-making authority to issue industry-wide regulations” ("Rules | Federal Trade Commission", 2014)
Take for example, the Fair Credit Reporting Act. It “regulates the collection, dissemination, and use of consumer information, including consumer credit information.[1] Along with the Fair Debt Collection Practices Act (FDCPA), it forms the base of consumer credit rights in the United States.” ("Fair Credit Reporting Act - Wikipedia, the free encyclopedia",
03/23/2014
The United States of America has laws and regulations set into place to ensure fairness and equality abroad in the corporate America. Agencies such as the Federal Trade Commission and the Consumer Protection Agency are the two largest. Their main priorities are to focus in on corporate responsibilities and make sure they abide by fair human rights standards, whilst keeping balance abroad and promoting competitive business practices.
“Employment equity laws and policies focus on redressing inequalities by requiring employers to plan to end discriminatory practices facing women, racialized and aboriginal peoples, people living with disabilities and others who are similarly disadvantaged.” ("Employment equity laws ensure workplace fairness | …show more content…
These laws and regulations are protecting the consumers and employees of America. The FTC will audit any company or individual whom goes against these laws. Obviously for some time now anti-trust laws have had a huge impact in America.
“Yet for over 100 years, the antitrust laws have had the same basic objective: to protect the process of competition for the benefit of consumers, making sure there are strong incentives for businesses to operate efficiently, keep prices down, and keep quality up.” ("The Antitrust Laws | Federal Trade Commission", 2014)
“In addition to its authority to investigate law violations by individuals and businesses, the Commission also has federal rule-making authority to issue industry-wide regulations” ("Rules | Federal Trade Commission", 2014)
Take for example, the Fair Credit Reporting Act. It “regulates the collection, dissemination, and use of consumer information, including consumer credit information.[1] Along with the Fair Debt Collection Practices Act (FDCPA), it forms the base of consumer credit rights in the United States.” ("Fair Credit Reporting Act - Wikipedia, the free encyclopedia",