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What was created by the U.S. government in 1914 to specifically define what types of competition were legally unfair

Sagot :

Federal Trade Commission; in 1914 U.S. government developed Federal Trade Commission to state what competition was legally unfair.

More about Federal Trade Commission:

Federal Trade Commission Act (FTCA), a federal law passed in the United States in 1914 to establish the Federal Trade Commission (FTC) and to provide the American government with a full range of legal resources to employ against unfair, illegal, and misleading business activities. Thus, the act was created to accomplish two connected objectives: fair corporate competition, and consumer protection from dishonest commercial activities.

The Federal Trade Commission Act is also considered a measure that protects privacy since it allows the FTC to penalize companies that violate their own policies by false advertising and other actions that can harm consumers.

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