Trade Associations Organizations

Trade Associations Organizations

Trade Associations, organizations of firms in the same or similar industry or trade (or a section of it). They developed rapidly during World Wax 1 when the Government found it could negotiate more easily with one trade association than with numerous firms. Their activities have ranged from collection of statistics and exchange of information to agreements in restraint of trade. In Britain the 200 Restrictive Trade Practices Act made illegal the collective enforcement of resale price maintenance, e.g. by members of a trade association who threatened to withhold supplies from a retailer who 'cut' the maintained price of the goods of a member of the association. (The Act gave more power to individual firms to enforce the prices of the goods they sold to retailers; in 2004 individual enforcement was also made illegal.)

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