Essay On Fair Competition And Consumer Protection
BACKGROUND TO THE PROBLEM
In order to enhance fairness in any market, there is a need to regulate business. The main effective way of having business regulated fairly is by having an effective law that can control it. The market that exists today can be monopolised by a few group of powerful people or company or state. Competition Law does not prohibit monopoly parse: what is prohibited is abuse of dominance.
Fair competition and consumer protection is thus very important aspects in any trade and national development. These are among the major factors that promote national economy as well as ensuring that there is fair distribution of quality goods and products.
Tanzania is among the developing countries that has adopted their competition law from the already developed countries. The reasons for adopting and enacting this legislation among other things is to promote market economy by regulating the prevailing commercial practices as
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OBJECTIVES
This paper seeks to make analysis on the effectiveness of The Fair Competition Act in the promotion and enforcement of fair competition and consumer protection in Tanzania.
Further the work will also examine as to whether the Act has adequately addressed the modern and prevailing social and economic demands that have and that are yet to take place in the country.
This paper will also review the powers that are vested in Tanzanian enforcement bodies which are established by the Act: The Fair Competition Commission and Fair Competition Tribunal and hence analyse the implication of these powers with regards to consumer protection and regulation of Fair competition.
Lastly a critical examination to legislation relevant to this topic will be reviewed to figure out whether the law is adequate or not. RESEARCH METHODOLOGY
In conducting the research both primary and secondary sources will be
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