anticompetitive

Meanings

• adjective

  Acting to prevent or discourage competition.

• adjective

  Relating to or characterized by actions that prevent or discourage competition.

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Variants

List of all variants of anticompetitive that leads to same result
anticompetitive

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Etymology

origin and the way in which meanings have changed throughout history.

Anti- (opposed to) + competitive (seeking or striving to gain an advantage over others)

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Trivia

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1. The Sherman Antitrust Act of 1890 was the first law in the United States to prohibit monopolies and other anticompetitive practices.

2. The term 'anticompetitive' is not limited to business contexts and can also be used in other areas, such as sports and academia, where competition is suppressed.

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Related Concepts

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1. Monopoly: A market structure in which a single seller or group of sellers controls the entire supply of a good or service.

2. Cartel: An agreement among competing firms or countries to limit production, set prices, or otherwise coordinate their business activities in order to increase profits.

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Culture

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The term 'anticompetitive' is often used in the context of business and economics, specifically in discussions about monopolies, cartels, and other forms of market power that can suppress competition. It is an important concept in antitrust law and economics.

How to Memorize "anticompetitive"

1. visualize
   

   - Visualize a market where one company has complete control and no competition exists. This is an example of an anticompetitive market.

2. associate
   

   - Associate the term 'anticompetitive' with the idea of limiting competition and preventing rivals from entering a market.

3. mnemonics
   

   - Use the mnemonic 'A-C-P' to remember the meaning of 'anticompetitive': 'Anti'- 'Competitive'.

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