Definition of the FTC abbreviation from the Oxford Advanced Learner's Dictionary


the FTC

BrE BrE//ˌef tiː ˈsiː//
; NAmE NAmE//ˌef tiː ˈsiː//
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the Federal Trade Commission (the US government organization that is responsible for making sure that there is fair competition in business) Culture The FTC was created in 1914. It uses antitrust legislation to prevent monopolies (= companies which are so large that no others can compete with them). It investigates unfair business practices and has the legal power to stop them and to take companies to a court of law. The FTC also works in the field of consumer protection, for example by trying to stop advertisements giving people wrong information. compare Office of Fair Trading
See the Oxford Advanced American Dictionary entry: the FTC