The FTC, or Federal Trade Commission, is a U.S. government agency established in 1914. Its primary mission is to protect consumers and promote competition in the marketplace. The FTC enforces laws against unfair or deceptive business practices, ensuring that companies operate fairly and transparently. In addition to consumer protection, the FTC also works to prevent anti-competitive mergers and business practices. It conducts investigations, provides educational resources, and can take legal action against companies that violate consumer rights or competition laws. Overall, the FTC plays a crucial role in maintaining a fair and competitive economy.