What is the primary function of the Federal Trade Commission?

The primary function of the Federal Trade Commission (FTC) is to prevent unfair competition and promote trade. This role is critical as it helps maintain a marketplace that operates fairly for both consumers and businesses. The FTC accomplishes this by enforcing antitrust laws, which are designed to prevent monopolies and ensure competition.

A healthy competitive environment encourages innovation, better products, and lower prices, all of which benefit consumers. The agency also works to eliminate deceptive advertising and unfair business practices, ensuring that companies operate transparently and honestly in their dealings with the public.

By focusing on these aspects, the FTC plays a vital role in protecting market integrity and ensuring that no single company or entity can dominate the market to the detriment of competitors and consumers. Thus, promoting fair competition not only safeguards the interests of consumers but also fosters a vibrant economic landscape.