How Can the Restrictive Trade Practices Provisions of the Competition

question 18

Essay

How can the restrictive trade practices provisions of the Competition and Consumer Act 2010 (Cth)be reconciled with the liberal notion of a free market?

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Definitions:

Bourgeoisie

The social class that owns the means of production during modern industrial capitalism, typically contrasted with the working class or proletarians.

Class Consciousness

The awareness of one's social class and the sense of shared interests with others in the same class, often in contrast to opposing classes.

Functional Imperatives

Fundamental needs that must be met in any social system for it to survive and operate efficiently, such as adaptation, goal attainment, integration, and latency.

Parsons

An influential sociologist known for his work on social action, systems theory, and for contributing to the development of functionalism.