02/28/11

Big Brother FTC

                                                                                                     

The Federal Trade Commission was established by the U.S. Congress.  Five members are joined together for a seven year term to police businesses.  The main goal of this board is to promote and protect the rights of consumers.  This includes identity theft, false advertising, monopolies, any kind of unfair business competition and price-fixing.  Finally citizens were protected from market abuse and enjoyed ‘industrial freedom.’