Cut Throat Competition
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This article needs additional citations for verification . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed. Find sources: "Cut throat competition" – news · newspapers · books · scholar · JSTOR ( November 2015 ) ( Learn how and when to remove this template message )
^ Ruwantissa Abeyratne (5 January 2012). Strategic Issues in Air Transport: Legal, Economic and Technical Aspects . Springer Science & Business Media. p. 366. ISBN 978-3-642-21959-7 .
^ "Price Fixing" . Competition Guidance . Federal Trade Commission . Retrieved 14 November 2015 .
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Cut throat competition is a term that was widely used to describe the reason for consumer protection regulation, labour law , and enforcement of competition law or antitrust, in the late 19th and early 20th century.
In economics, cut throat competition is also referred to as ruinous, excessive or unfettered competition. More generally, cut throat competition is also subsumed under the term "destructive competition".
Many countries have strict legislation against cut throat competition and anti-competitive practices in pricing. [1]
According to the Federal Trade Commission , the alleged necessity of a pricing agreement to avoid cut-throat competition is not considered a valid defense in the case of a proven price fixing agreement. [2]
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Opposition that is especially fierce, relentless, or merciless. These school election breed some cutthroat competition. The students here will do just about anything to win, even if it means ruining each other's reputations. I never could handle the cutthroat competition of investment banking, so I decided to pursue something a bit more easygoing.
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https://en.wikipedia.org/wiki/Cut_throat_competition
https://idioms.thefreedictionary.com/Cutthroat+competition
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