Business Competition Law is an area of law dealing with the various problems that arise out of the functioning of different kinds of organizations. The term “competition” in this context actually refers to any situation in which two or more organizations are competing with each other. These situations can be in the form of pure competition, where two organizations are trying to sell their products at prices lower than the other organization. Sometimes, however, the word “competition” refers to situations in which two organizations are trying to serve the same customer demand. In this case, they are performing acts designed to promote and provide opportunities to the other organization.
In this business competition law area, the main problem is to decide what standard should be used to classify one type of activity from another. There are some important factors that a court may consider while coming up with a business competition law. They include, among others, whether or not the activity concerned produces a revenue stream, whether or not it is directed towards providing some kind of public service, and whether or not the activity can be considered reasonable by other individuals or organizations. Continue reading