antitrust

Meanings

• noun

  The legal action taken by the government or regulatory authorities to prevent businesses from engaging in monopolistic practices that can harm consumers and stifle competition.

  - "The antitrust division of the Department of Justice is responsible for enforcing antitrust laws."
  - "The merger between two large tech companies was blocked by the antitrust authorities."

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Variants

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

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Etymology

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

The term 'antitrust' comes from the late 19th century and is derived from the concept of 'trusts,' which were large business combinations that controlled a significant portion of an industry.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The first major antitrust case in the United States was against John D. Rockefeller's Standard Oil Company in 1892.

2. The Sherman Antitrust Act, passed in 1890, is the oldest and most fundamental antitrust law in the United States.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Monopoly: A market structure where a single firm has the power to set prices and exclude competition.

2. Competition law: A set of laws designed to promote and protect competition and prevent anticompetitive practices.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Antitrust laws have been a significant part of economic and business history, particularly in the United States. They have been the subject of numerous books, movies, and academic studies.

How to Memorize "antitrust"

1. visualize
   

   - Imagine a large corporation trying to monopolize an industry and the government stepping in to prevent this through antitrust laws.

2. associate
   

   - Associate the term 'antitrust' with 'competition' and 'consumer protection'.

3. mnemonics
   

   - Remember that 'antitrust' is about preventing 'trusts' from becoming too powerful.

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