Global Law Essay Example | Topics and Well Written Essays - 500 words

Global Law - Essay ExampleThe company named 1plusV had claimed that Google was restricting the utilization of its powerful system especially made to attract advertisers (Kanter, 2011). Basically, the article was highlighting the fact that Google had been accused of promoting unfair competition by unduly restricting trade. Unreasonable restraint of trade is actually a legal issue in craft. The right to do business or put up a business has limitations provided by law. One of which is the prohibition against unfair competition. Unjustifiable restriction of a certain trade is one aspect of unfair competition. Established and big businesses are the ones most likely to have this tendency. Some desire to monopolize a certain type of business. They do not want any competitors. These businesses aim to maintain their market position. This is directly associated to business greed. Sometimes, they implement marketing strategies that weaken its raw competitors. As a result, the new businesses experience a substantial loss of profit. It will eventually choose to stop its operation. Governments of the world have been aware of this business reality. Thus, they issue business laws to promote fair competition. The latest accusation against Google can somehow illustrate the issue on unfair competition.