How do governments promote competition in the marketplace?

QUESTION POSTED AT 01/06/2020 - 03:22 PM

Answered by admin AT 01/06/2020 - 03:22 PM

Government promotes competition in market place by putting in place and enforcing anti-trust legislation, by engaging in trade with other countries of the world [global trade], by supporting new businesses that are just coming up. Anti- trust legislation are put in place by the government in order to discourage development of monopoly in the market place. 
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