Examlex
_______________ refers to the agricultural practices in which the members of a farming family produce only enough food for themselves and do not make use of large- scale irrigation, chemical fertilizer, or machinery and technology.
Parallel Pricing
A situation where competitors in the market set their prices at a similar level without explicit agreement, often as an anti-competitive practice.
Minimum Price
A stipulated or regulated lowest price that can be charged for goods or services.
Sherman Act
An essential United States antitrust regulation that forbids monopolistic actions and fosters a competitive environment.
Price-fixing
Price-fixing is an illegal agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.
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