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LSDefine

Simple English definitions for legal terms

Trade Regulation

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A quick definition of Trade Regulation:

Trade regulation refers to the rules and laws that govern how businesses can buy and sell goods and services. The government has the power to regulate trade between different states and countries, while individual states regulate trade within their own borders. Federal agencies like the Department of Commerce and the International Trade Administration help to promote and improve trade for the United States.

A more thorough explanation:

Definition: Trade regulation refers to the laws and policies that govern commerce and trade activities within a state or between states and countries. The U.S. Constitution grants Congress the power to regulate trade activities between states and with foreign countries, while trade within a state is regulated by the state itself.

Examples of trade regulation include:

  • Tariffs: Taxes imposed on imported goods to protect domestic industries and promote fair competition.
  • Antitrust laws: Laws that prevent monopolies and promote competition in the marketplace.
  • Consumer protection laws: Laws that protect consumers from fraudulent or deceptive business practices.

For instance, tariffs are a form of trade regulation that can be used to protect domestic industries from foreign competition. Antitrust laws, on the other hand, are designed to prevent companies from dominating a particular market and stifling competition. Consumer protection laws aim to ensure that businesses do not engage in unfair or deceptive practices that harm consumers.

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17:15
He is an arsehole but he is your asshole
1a2b3c4d26z
17:15
Would kill for a marg
Dkk
17:15
*spreads ass in mirror to check*
babycat
17:15
one million margs at nyc lsd meetup
Dkk
17:16
Nope, not my asshole.
1a2b3c4d26z
17:17
I will walk to nyc to do this
17:17
send it
1a2b3c4d26z
17:17
omw
17:18
Pick up @splitterusclitterus
letsdoadrill
17:18
What time will UCLA begin giving out decisions tomorrow if there’s a wave?
17:19
Who cares about that carp skool
letsdoadrill
17:19
Me
letsdoadrill
17:20
I don’t really care about bantering here tbh I just thought yall would know the time it would
17:20
off wit ya then oy
babycat
17:20
i have no idea if it happens it happens. look at reddit or something
babycat
17:21
@1a2b3c4d26z: yay
Dkk
17:22
UCLA? I am gunna take a guess and say the wave will come out at 11:22:24 on 11/22/24.
no gtown ....?
17:24
@Dkk: the prophecy has been foretold
Dkk
17:24
Gtown will be at the same time tomorrow. They are all coordinating this.
babycat
17:25
Dk is my favorite adcom
thank you dk :)
1a2b3c4d26z
17:27
You can't just not care about the banter... that's the whole chat
Dkk
17:28
Welcome!
HopefullyInLawSchool
17:28
Anyone familiar with vintage cookware, inparticular Magnalite
Dkk
17:29
https://youtube.com/shorts/Qc3NAXxBqyM not at all lol @Hopefully
babycat
17:29
@1a2b3c4d26z: they hate us cuz they ain’t us
1a2b3c4d26z
17:30
Yea, if you want to actually talk about law school admissions go to off topic
1a2b3c4d26z
17:30
Obviously
17:31
duh
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