The paper "Comparison of Australia and Canada Approach Competition Policy" is an outstanding example of a business case study. Canada and Australia have similar factors and aspects in their approach to markets and economic factors. There are temporary program and pro-competitive reforms that have taken place over the last decades in the competitive policy. For example, dominance over policymaking, Coordination of governments at all levels in order to have both national and international competition policy, and the constitutional creativity in the federal structure, which acts as a political back up for market-based approaches.
In respect to the two countries trade policies and policy goals, it is clear that they aim at having consumer protection and fair trade in their markets (Anderson, 1998.pg 177-204). On the case of welfare, there is a discrepancy on its actual meaning based on consumer welfare or total welfare in regard to both the producer and consumer welfare appropriateness. Therefore, a scope and interaction between them could be subject to various interpretations. Apart from these similarities and positive approaches, there are several important areas to address in regard to the competition policy between the two countries.
These areas can be analyzed in the following areas. Monopolies development, exposing small businesses to stiff completion with larger companies, ensuring that customers enjoy quality products and fair prices, humanizing domestic competition, and enhancing consumer welfares. This paper compares the competition policy in the two countries in the above stated distinct areas (Chandler, 2000.pg 168). Competition policy In most cases competition puts many businesses under pressure while offering the best variety of goods at an affordable price. Therefore, a competitive game in free-market business and consumers beneficiaries should be factors to consider.
Competition is an important element in all active markets. It is also an essential source of consumer benefits by, giving encouragements to enterprises, enabling consumers to purchase goods and services at fair prices, and contributing to the national competition (Stanbury, 1991.pg 87). The main aim of competition policy in many countries is to improve the competition process and make sure that consumers benefits and feels the positive effects of that process. However, competitive law helps in the achievement of these aims, Competitive law /competitive policy This law and policy play a vital role in market-based economies.
It ushers for an environment that gives room to a fair and free functioning of the market forces. Competitive law is also a space carve for new entrants in the markets where fetters are put on the monopolistic as well as a competitive behavior on the dominant enterprise (Norman, & Phli2000.pg 130). They also check on tendencies that are collusive, making it a law that works on the functions of consumer interests and fiscal efficiency 9 Edwards, 1976.
Pg, 230). It is clear that competition law is an indisputable function that strikes on bureaucratic balance that exists between the contradictory interest and anomalies in the socio-economic system. Precisely this competition policy or law in a variety of jurisdictions. This analysis delves into the loom adopted by countries like Canada, Australia. The main reason for this action is to understand and compare the two legal procedures and draw conclusions on, which is more effective
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