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Meaning of restrictive practices

 

 

 

Restrictive practices

 

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Business glossary

 

Meaning of term restrictive practices :

 

Restrictive trade practices are business practices that are intended to give an advantage by limiting or restricting competition from other firms. Government regulates against restrictive trade practices and this is a part of overall competition policy. The Office of Fair Trading is the government body responsible for overseeing fair trade in the UK.

 

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Meaning of term restrictive practices

 

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