Competition Commission
The Competition Commission is a regulatory body that promotes fair competition in markets. Its main role is to prevent anti-competitive practices, such as monopolies and cartels, which can harm consumers and stifle innovation. By enforcing competition laws, the commission ensures that businesses operate fairly and that consumers have access to a variety of products and services at competitive prices.
Additionally, the Competition Commission investigates mergers and acquisitions to assess their impact on market competition. If a proposed merger could reduce competition significantly, the commission may block it or impose conditions to protect consumer interests. This helps maintain a healthy economic environment where businesses can thrive.