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.
There are many arguments for and against each of these categories of business competition law. Revenue stream argument points out that the government should support businesses that have a consistent and predictable source of revenue so that the government is able to redistribute this revenue through taxation. This is done by encouraging companies to innovate and invest in new technologies that could provide them with a competitive advantage. It also aims to make sure that these innovations create a sustainable effect on the national economy. The innovation thus encouraged, is supposed to provide workers with greater purchasing power, and enable companies to invest in building infrastructure and creating new jobs.
On the other hand, service providers argue that the tax benefits offered to competitors encourage them to develop a market for themselves, thus increasing competition in the market without there being a corresponding increase in the quality of the service that they offer. The logic behind this is that the service providers are already able to penetrate the market, but they would like to be granted the concession that will allow them to increase their customer base and take on more customers. In the process, they could also increase their own revenues.
Another issue that arises from service providers is that of access to resources. The law considers companies that render such services as competitors. Thus, it forces them to develop or buy new technology or employ new personnel, which will give them an edge over their competitors. In fact, it has been argued that it constitutes illegal discrimination against the service providers. Critics of the law argue that, instead of ensuring equality of access to resources, it actually ensures discrimination against certain classes of people, particularly the poorer ones.
Business competition law also aims to provide more efficient delivery of goods and services through better infrastructure. This is because businesses are able to reduce costs by investing more in their production process. In addition, they are able to benefit from economies of scale since the production is spread over a larger area. The distribution costs are also reduced since the number of products being distributed is reduced.
Business competition law is applicable to service providers as well. If a service provider offers a product or a service that competes with another, then it could be charged with anti-competitive tariffs. This means that it is not uncommon for service providers to be accused of anti-competitive behaviour, given that they have not created a level playing field.
Business competition law is designed to protect small businesses from big brand names. In other words, it seeks to ensure that products and services offered by smaller companies are not subject to undue competition from established brands. Additionally, it ensures that companies are not monopolized. This law also aims to prevent companies from taking advantage of their customers.