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Discuss Agreements That Restrict Competition or That Are a Restraint

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Essay

Discuss agreements that restrict competition or that are a restraint of trade and how they are treated in contract law.


Definitions:

Dissaving

When consumption is greater than disposable income; negative saving.

APC

In economics, stands for Average Propensity to Consume, which is the fraction of income spent on consumption.

APS

The Average Propensity to Save, which is the fraction of total income that households save rather than spend on consumption.

APC

Stands for Average Propensity to Consume, which is the fraction of income that households spend on consumption rather than saving.

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