Pakistan established for the purpose of international, national, provincial, district, and. 2.2 Cartels, a cartel is a formal (explicit) agreement among competing firms. The role of regulatory bodies Internet. Markets having few competitors dealing in products with more or less similar characteristics which are more likely to give rise to cartels provided that high barriers to entry for other potential entrants exists and have established communication channels. Another task is to develop an efficient and dynamic regulatory body that fosters principles of good governance in the corporate sector, ensures proper risk management procedures in the capital market, and protects investors through responsive policy measures and effective enforcement practices. Critically analyzing the concept of workplace flexibility and how it impacts employee and organizational performance. Conclusions and recommendations have been made on the basis of the reviews of the relevant literature. 2.3.2 Neo-classical synthesis, neo-Classicals advocated the government based antitrust policies to regulate the free market mechanism. Most of the infrastructure development sectors moved forward, but not to the required extent of increasing growth rate up to the tune of 8 to 10 per cent. The main purpose of the CCP is to safeguard the interests of the consumers along with introducing healthy competition among the players of the economy. He was recognized as an Emerging Psychologist by the National Academy of Psychology, India in 2014.
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As a result of these efforts, Competition Ordinance, 2007 replaced the mrtpo. Competition Commission of Pakistan is one such regulatory body that was brought into existence to replace Monopoly Control Authority in the year 2007. Thereafter, Telecommunication (Re-Organization) Act no xvii was promulgated in 1996 that aimed to reorganize the telecom sector of Pakistan. These were implemented in June 1948, and the State Bank of Pakistan commenced operation on July 1, 1948. The sectors so for under analysis included fertilizer, sugar, civil aviation, banking, vegetable ghee, auto parts manufacturing, automobile, wheat, cement, drinking water, educational institutes and textile sectors. The law seeks to prohibit abuse of market dominance, certain types of anti-competitive agreements, deceptive market practices, and mergers of undertakings that substantially reduce competition. Retrieved from p?vref1 Reference Copied to Clipboard. In May, 1948 Quaid-a-Azam took steps to establish the State Bank of Pakistan immediately. Therefore, this research intends to finds to out how online digital platforms have helped the organizations in recruiting talented employees in a more efficient and effective manner.
2.1.6 Transactions Costs, market failures can also result from costs associated with making market transactions. Promulgation of Competition Ordinance, 2007 and establishment of a credible Competition Commission will go a long way to develop, competition culture and conducive environment for business activity in Pakistan. Chapter 4 details the working of different regulatory bodies in multiple sectors of the economy.
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