Trade regulation

{
  "id": "MLC-T-LAW-004949",
  "term": "Trade regulation",
  "field": "Law",
  "definition": "A body of law, including statutes and administrative rules, governing commerce and business competition to maintain fair market practices. This field encompasses antitrust laws, which prohibit monopolies and price-fixing, as well as consumer protection laws that forbid deceptive advertising and unfair business methods. Federal agencies like the Federal Trade Commission and the Department of Justice are primarily responsible for enforcing these regulations in the United States.",
  "url": "https://mlchart.com/terminology/law/trade-regulation/"
}