What are laws aimed at promoting competition among businesses known as?

Laws that promote competition among businesses are known as antitrust laws. These laws are specifically designed to prevent monopolies, promote fair competition, and ensure that the market operates in a way that is beneficial to consumers. By regulating anti-competitive practices such as price fixing, market allocation, and monopolistic behavior, antitrust laws seek to maintain a competitive marketplace, which can lead to lower prices, improved quality of goods and services, and more innovation.

The focus of antitrust legislation is to foster an environment where multiple businesses can thrive, competing fairly with one another, which ultimately protects the interests of consumers. In contrast, other types of laws mentioned—such as contract laws, which govern agreements between parties; civil laws, which address wrongs against individuals; and employment laws, which regulate employer-employee relationships—do not have the primary aim of promoting competition in the business landscape.