The Federal Trade Commission (FTC) is a U.S. government agency responsible for protecting consumers and promoting competition. Established in 1914, the FTC works to prevent unfair or deceptive business practices, ensuring that companies play fair in the marketplace. This helps consumers make informed choices and fosters a healthy economy.
The FTC also enforces laws against false advertising and fraud, investigating complaints from the public. Additionally, it reviews mergers and acquisitions to prevent monopolies, ensuring that no single company dominates the market. By doing so, the FTC supports a competitive environment that benefits both consumers and businesses alike.