Regulating restrictive business practices

Increasing effectiveness of regulation of restrictive business practices
The European Union EU and its member states have a developed monopoly, merger and restrictive practice legislation although, it is less well-developed to handle restrictive practices of multi-nationals whose significance grows with globalisation. The economic welfare effects of monopolistic and other restrictive practices are likely to be more uneven in the competitive state and, therefore, increase social inequalities. The economic efficiency losses are likely to be reflected in resource wastage (i.e. negative environmental impact).
Type Classification:
G: Very Specific strategies
Related UN Sustainable Development Goals:
GOAL 12: Responsible Consumption and Production