Competition Law
Competition law, also known as antitrust law, is a legal framework that regulates market competition by prohibiting anti-competitive practices such as monopolies, cartels, and mergers that reduce competition. It aims to promote fair competition, protect consumers from unfair business practices, and ensure efficient market outcomes. In the tech industry, it addresses issues like platform dominance, data monopolies, and anti-competitive acquisitions.
Developers should understand competition law to navigate legal risks when building products that could be seen as monopolistic or anti-competitive, such as large-scale platforms or exclusive integrations. It's crucial for roles in product management, legal tech, or startups operating in regulated markets like e-commerce, software, or digital services. Knowledge helps in compliance, strategic planning, and avoiding costly litigation or regulatory fines.