Antitrust Law(redirected from Anti-trust legislation)
Also found in: Dictionary, Thesaurus, Medical, Legal, Wikipedia.
Any law opposing trusts, monopolies, and other organizations or practices deemed to be anti-competitive. Antitrust laws especially refer to laws forbidding price-fixing contracts, price discrimination, and tying. Proponents of antitrust laws believe they increase competition, while opponents, notably Ayn Rand, argue that they encourage economic inefficiency and punish success. See also: Sherman Act, Clayton Act.