What are Impact on Marketing in Clayton Act of 1914?
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What are Impact on Marketing in Clayton Act of 1914?
The Clayton Act of 1914 is an antitrust act that emphasized prohibition laws and conducts along with exemptions and remedies. These were deemed as lawful and gave rights in the hands of the court to look after the affairs of Marketing.
New trends occurred within the age-old practices of marketing with the passing of this act new economic trends came into effect. All trading activities were done legally and according to rule of law. Before the passing of this act, the markets were dominated by people who regulated authority and pricing according to their personal needs and concerns. This act prohibited illegal or unfair pricing in the Markets ensuring minimal or a standard price. The behavior of the corporate was also strictly unprofessional this act ensured ethical and safe means of practicing business. It also ensured labor rights after which the trade unions were formed to monitor daily wages for these people.
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