What Does Federal Trade Commission (FTC) Mean?
The Federal Trade Commission is a federal agency that serves to protect the consumer from harmful business practices both nationally and internationally, and to encourage competition in the marketplace. The Federal Trade Commission is also responsible for investigating and identifying violations of antitrust laws in order to maintain a free market economy.
WorkplaceTesting Explains Federal Trade Commission (FTC)
The Federal Trade Commission works to safeguard the American consumer from fraud, deceit, and harmful business practices. It is also provides training and information to assist consumers in avoiding fraud and deception. The commission conducts investigations into false advertising, scams or people transgressing the law and institutes legal action where it is warranted. It contests mergers that are anti-competitive and businesses that are guilty of price-fixing or carrying out harmful business practices. The Federal Trade Commission enforces antitrust laws to prevent harm to the consumer that results in high prices, low quality and less choice.