What are antitrust laws?

What are antitrust laws?

Antitrust laws, also referred to as competition laws, are statutes developed by the U.S. government to protect consumers from predatory business practices.   Antitrust laws ensure that fair competition exists in an open-market economy. These laws have...
What Is a Business Liability?

What Is a Business Liability?

This business finance key term is a legal obligation to repay or otherwise settle a debt. Liabilities are considered either current (payable within one year or less) or long-term (payable after one year) and are listed on a business’s balance sheet. A business’s...