antitrust
/ˈæntiˌtrʌst/
Definition
Refers to laws and government regulations designed to prevent monopolies and ensure fair competition by limiting the market power of large corporations.
Etymology
The term combines the prefix 'anti-' (against) with 'trust,' referring to the 19th-century business practice of creating large corporate trusts to control market prices. It emerged in American English to describe legal efforts to break up these restrictive monopolies.
In the news
The article uses the term to describe legal probes and formal charges brought by government authorities against major companies like Broadcom and Google. These actions are intended to ensure that tech industry practices do not unfairly stifle market competition.
HCLTech Lands $1.14 Billion AI Services Deal With Major European Enterprise
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