DECARTELLISATION Meaning and
Definition
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Decartellisation is a term that refers to the process of breaking up or eliminating cartels or monopolies within an industry or market. Cartels are typically formed when competing companies or organizations come together to control and restrict the supply, price, and distribution of goods or services. They often engage in collusive practices such as price-fixing, market allocation, or bid-rigging, which can harm competition and consumers.
Decartellisation aims to promote fair competition by dismantling these cartels, allowing for a more open and competitive market environment. This process involves implementing various measures, including legal and regulatory reforms, to prevent anti-competitive behavior and encourage a level playing field for all market participants. It may also involve the enforcement of antitrust laws and the imposition of penalties or fines for violations.
Decartellisation is crucial for promoting economic efficiency, innovation, and consumer welfare. By breaking down cartels, it encourages market entry, stimulates innovation, enhances product diversity, and reduces prices. It can lead to increased competition, improved productivity, and ultimately benefits for both businesses and consumers.
Decartellisation efforts are often undertaken by government bodies, such as competition authorities, who work to investigate, prosecute, and deter anti-competitive practices. These authorities may collaborate with other domestic or international entities, such as regulatory agencies or trade organizations, to ensure effective decartellisation strategies are implemented in various industries to support healthy and competitive markets.
Common Misspellings for DECARTELLISATION
- secartellisation
- xecartellisation
- cecartellisation
- fecartellisation
- recartellisation
- eecartellisation
- dwcartellisation
- dscartellisation
- ddcartellisation
- drcartellisation
- d4cartellisation
- d3cartellisation
- dexartellisation
- devartellisation
- defartellisation
- dedartellisation
- deczrtellisation
- decsrtellisation
- decwrtellisation
- decqrtellisation
Etymology of DECARTELLISATION
The word "decartellisation" is derived from the French term "décartellisation", which emerged during the early 20th century. The etymology can be broken down as follows:
1. Dés-: A prefix in French meaning "not" or "un-".
2. Cartellisation: Derived from the French word "cartelliser", which means "to cartel" or "to form a cartel".
A cartel refers to a formal agreement or arrangement between competing firms or businesses to limit competition, control prices, and increase collective profits. Thus, "décartellisation" refers to the process of undoing or eliminating cartels by breaking them up into individual entities and restoring competition in the market.
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