Question

What is meant by MRTP act.

Answer 1

Answer:

The MONOPOLY AND RESTRICTIVE TRADES act

Answer 2

Answer:

The Monopolies and Restrictive Trade Practices(MRTP) Act, 1969, aims at preventing concentration of economic power in the hands of few business houses. The Actprovides for control of monopolies, probation of monopolistic, restrictive and unfair trade practice and protection of consumer interests.