JEMTEC

Competition is engine of free and fair market economy. It is capable of bringing out best in human beings and also equally capable of bringing out darker side. Competition involves a process through which competitors compete with each other in order to sell their products to customers. They use various strategies to win customers such as introducing discounts, economies of scale which ultimately results in low cost and more profit. But some enterprises in order to gain more customers and profit indulge in bad practices such as cartel, abuse of dominant position etc. which result in breakdown of fair competition. It also causes distortions in free and fair market conditions of the economy which harm the competitors as well as consumers. Thus there was a need to develop competition law which would regulate the market and help in prohibiting anti competitive practices and abuse of dominance in market. Abuse of dominant position is causing an inevitable menace to market across the ...