Definition

Department of justice

Department of justice is an arm of the federal government; works closely with the FTC to preserve competitive markets through investigations by its Antitrust Division. This division investigates company activities that lead to one or a few firms so dominating an industry that they control the supply or cost of a product, enabling them to squeeze out competitors and charge extremely high prices.

Share it:  Cite

More from this Section

  • Policies
    Broad,precedent setting decisions that guide or substitute for repetitive or time-sensitive ...
  • Upward communication
    Upward communication is communication that flows from employees to managers. It keeps ...
  • Theory X
    Theory X is a negative view of people which assumes that employees dislike work, are lazy, ...
  • Invention
    The creation of new products or processes through the development of new knowledge or ...
  • Fielder contingency model
    The fielder contingency model proposed that effective group performance depended on properly ...