Increased competition- internal and external helps those who are strong enough to benefit from the new opportunities. Competition is an evasive term, and its understanding differs depending on the context. The basic purpose of competition law is to promote competition through the control of restrictive business practices. While competition laws vary from nation to nation, there are certain core provisions underpinning nearly all competition law regimes. The economic milieu, which led to the enactment of the Act, was characterized by multiple factors, the major ones being the obligations cast...