Anti Monopoly Laws In Turkey, Greece, And Italy,And Their Enforcement

1581 words - 6 pages

Anti-monopoly laws in Turkey, Greece, and Italy,and Their Enforcement

A free market economy allows a nation to have open and equal (to an extent) competition while utilizing the resources available in the most effective manner. However, it is not perfect and can lead to some problems such as someone controlling the whole market or, in other words, having a monopoly or monopoly power. Also, there could be cartels, which are when companies will make agreements that ?abandon competition between themselves in order to increase their profit? (?Message of the President? 1). Both of these are dangerous for the economy because they not only harm competition for smaller businesses but also the consumer, who is forced to pay whatever prices the companies agree upon. These dangers for the economy create a need for the national governments to have anti-monopoly laws that ban such practices. However, with the creation of these laws also comes the need for the enforcement of them, and so there are many new government agencies that work to make sure they are enforced. Some countries and organizations that have these laws and enforcement agencies over competition are Turkey and the European Union, which includes Italy and Greece.

Anti-monopoly or antitrust laws, mainly work against an imbalance of competition in a free market economy. In other words, they work against the ?abuse of dominant position? or ?a situation of economic power held by a firm, which allows it to hinder effective competition in the relevant market.? To fight this possibility antitrust laws work to prevent infringements of the laws by businesses. The laws work to rule out anything that restricts competition whether it is cartels, monopolies, or other agreements between companies. Some of these possible agreements include ?control of mergers and acquisitions? that could limit competition and control the economic output. In addition, other possible dangers include ?state aids contrary to efficiency and competition? (?Message of the President? 2). Basically, the laws work against anything that might limit free trade and especially competition in the economy. Therefore, most nations have created anti-monopoly laws that prevent the same problems, but are also unique in their organization. For example, the countries under the European Union are very similar and follow the same guidelines to those of other nations; however, each country also has his own unique competition laws. Other nations, like Turkey, also have created competition laws, which follow the same pattern as the policies of the EU.

On December 13, 1994 Turkey passed the Law on the Protection of Competition, which worked to abolish the monopolizing or dominance of power over competition within their economy (?Law no. 287 of October 10th, 1990?). They modeled their competition policies after those set forth by the EU, and thus their governmental policies work well to demonstrate the role of anti-monopoly laws...

Find Another Essay On Anti-monopoly laws in Turkey, Greece, and Italy,and Their Enforcement

Post Cold War European Security Relations With Turkey And Greece

2273 words - 9 pages France, Italy, Portugal and Spain, and EUROMARFOR (European Maritime Force) with similar participation - both forces answerable to WEU (FAWEU) - to Greece but not to Turkey, as has recently been suggested, would be very badly received by the Turkish Defence Staff. The issues of Turkey's long-term relations with the European Union must influence the security relationship.Turkey as a partner in the problems of southeast European securityTurkey has

Greece and Their Gods Zeus and Apollo

1694 words - 7 pages The origins of Ancient Greece can be found back as far as 3000 BCE (Fiero 76). This was the time there is a lot of art and religion that defines the Greek period. This is only because there is a lot of prosperity and peace which causes a surplus of goods within the Greek city-state. This surplus allowed a more time for people to participate in such frivolous activities. Though the art is very representative of its time the stories behind the

Ineffective Enforcement of Gun Control Laws and Policies

1852 words - 8 pages ). Manuel Yoshida insists that young people are simply not interested anymore and he has lost members in his club (Booth). Guns regulations are simply not enough, and their value is overvalued. Poor law enforcement has shown an inability of enforcing the government regulations. Because of this, crime is still at large. Pro-gun supporters in Brazil say that the idle law enforcement along with high gang presence is the reason for the violence (Jordan

Nobles, Tyrants, and Their Effect on Greece

741 words - 3 pages Nobles, Tyrants, and Their Effect in GreeceGreek history has been shaped the people and those who have had a strong outcomeNobles, tyrants, and various other types of people have played a very important role in the shaping of Greece's history. From time to time, power changes from people to people. In America, there are elections every four years to determine who our next president will be. In Greece, the power shifted from the kings to the

Computer crimes need to be prevented and halted through increased computer network security measures as well as tougher laws and enforcement of those laws in cyberspace

3335 words - 13 pages industrialized counties. They were also in place much later than other countries put their laws about computer crime into effect, when compared to the United States and Japan. The Criminal Law Amendment Act, 1985 included a number of specific computer crime- related offences. Now, for the first time, Canadian law enforcement agencies can lay charges relating to cybercrime. The following text is an excerpt from the Martin's Annual Canadian Criminal Code

Antitrust Laws and whether or not Microsoft is a monopoly. Usa v. Microsoft plus bibliography

1074 words - 4 pages this from occurring the United States attempts to regulate or prevent monopolies using antitrust laws.The purposes of antitrust laws are to prevent monopolization, encourage a competitive market, and achieve efficient growth. During the Industrial Revolution due to advances in technology such as railroads, telephone, and electricity we saw Atrusts@ emerge. These trusts were huge conglomerates that sought to monopolize and control their respective

The Roles of Women in Ancient Greece and the Reasons for their Subordination

1024 words - 4 pages The Roles of Women in Ancient Greece and the Reasons for their Subordination Women in Greece were treated very differently from the men, they were thought of as less and weak men. The men controlled the lives of the women and made sure the women felt this way and knew their place. “Married women in Greece had three main jobs raise their children for the sake of Athens, show no weakness than was natural to their sex and avoid gossip.”(J. Coffin

Slavery in Greece and Rome

3289 words - 13 pages their masters were punished by imprisonment in the ergastulum. This same prison housed all slaves who could not be depended on. A trustworthy slave was placed in charge of the ergastulum, and was called ergastularius. These prisons arose in as a result of the conquest of Italy by the Romans, and the great number of barbarous slaves who were employed to cultivate the conquered lands. In the time of Hadrian and Antoninus, many laws were made to

Options Trading and Options Markets in Turkey

1856 words - 7 pages even constant and declining markets. Derivatives trading in Turkey has a very short history in Turkey, by the start of TurkDEX in İzmir at the beginning of 2005. This project will give information about the most popular financial tools, options and futures, including their principles, trading mechanism and how to buy or sell futures in Turkey.OptionsThe people that buy options are called holders where those that sell options are called

At the height of their respective era’s Greece and Rome

1220 words - 5 pages At the height of their respective era's Greece and Rome were centers of education and learning. Both societies created great works of philosophy and science that remained unimproved for many centuries. However, this brilliance was lost with the fall of the Roman Empire, and through out the Dark Ages learning was almost completely nonexistent. Then, with the genesis of the Renaissance education began anew. Education ceased to be a thing of

Organized Labor Laws and their history in U.S., covers past, present, and prospective future...3 pages

1379 words - 6 pages of commerce. Nothing contained in the anti-trust laws shall be construed to forbid the existence and operation of labor...organizations, instituted for the purpose of mutual organizations from lawfully carrying out the legitimate objectives thereof; be held or construed to be illegal combinations in restraint of trade, under the anti-trust laws".In 1935, labor won a major political victory. Under the New Deal, President Roosevelt signs the Wagner

Similar Essays

Tourism In Greece, Italy, And Turkey

2224 words - 9 pages Tourism in Greece, Italy, and Turkey The fall in the costs of traveling over the past few decades has taken tourism out of the sole domain of the rich and extended it to the middle class. Consequently, the world tourism market has exploded, providing countries with a new source of jobs and income. In this paper I will examine the tourism industries in Greece, Italy, and Turkey in the context of both the European and worldwide tourism

Berlin And Pettit: Can Their Accounts Of Liberalism Be Sustained When Considering Anti Terrorism Laws?

2463 words - 10 pages Pettit encounter problems when using their approach to explain what form anti-terrorist laws should adopt when balancing concerns relating to security and civil liberties. Understanding Berlin and Terrorism Much of Berlin’s work is framed by an ongoing concern for authoritarianism which in turn impacts how freedom and security are understood. Berlin considers security and liberty not in terms of an inverse scale but of absolute values

Perfect And Monopoly Markets And Their Difference

962 words - 4 pages factors of production: - In monopoly, the firm has control over one or a few of the inputs to the production which enables it to block the supply of that/those input/inputs and thus discouraging the potential rivals from entering the market.iv)Control over the outlets: - The monopolist may have control over the outlets where that product is sold thus discouraging the new entrants as they know that the monopolist can block their access to the

Anti Terrorism Laws In Australia: Drawbacks And Benefits

1820 words - 7 pages terrorism. However, in so doing, we must not allow ourselves to become victims of our own fears. Potentially, the new anti-terrorist legislations have serious long term implications for Australia's legal system, its security and for society as a whole. While certainly understanding, if not condoning, the necessity of these new anti-terrorism laws, this essay contends that the scope and magnitude of these laws fundamentally undermine some of our