Need to enact digital competition law: Panel

Anurag Sharma
0


from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WCc8oJk
https://ift.tt/50HFrz9

It sounds like a panel or committee of some kind has recommended the implementation of a digital competition law. Competition law is a set of rules and regulations that are designed to promote fair competition and prevent anticompetitive practices in the market. Digital competition law specifically pertains to competition in the digital economy, which includes online businesses and platforms that operate in the digital space.

There are a number of reasons why a digital competition law may be needed. For example, the rapid growth of the digital economy has led to the emergence of a small number of large, dominant online platforms that have significant market power. This concentration of power can potentially lead to anticompetitive practices, such as the abuse of market dominance or the exclusion of smaller competitors. A digital competition law could help to address these issues and promote a more level playing field in the digital economy. However, the specific details of such a law and how it would be implemented would depend on the specific needs and circumstances of the market in question.

Post a Comment

0Comments
Post a Comment (0)