federal trade commission

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Federal Trade Commission (FTC)

Definition: The Federal Trade Commission (FTC) is a special group in the United States government. Its main job is to make sure businesses compete fairly with each other. It helps to stop unfair business practices and protects consumers from things like identity theft.

Usage Instructions:

• When to Use: You can use "Federal Trade Commission" when talking about business laws, consumer protection, or government agencies in the U.S.
• How to Use in a Sentence: "The Federal Trade Commission works to prevent companies from cheating their customers."

Example Sentence:

"The Federal Trade Commission investigated the company for false advertising, ensuring that consumers are not misled."

Advanced Usage:

In more advanced discussions, you might refer to the FTC's role in enforcing antitrust laws. This means they work to prevent monopolies, where one company becomes too powerful and can control prices or services.

Word Variants:

• FTC: This is the abbreviation for the Federal Trade Commission, often used in informal contexts.
• Commission: Refers to a group of people who have been given the authority to do something, like the FTC.

Different Meanings:

• "Commission" in other contexts can mean a fee paid to someone for doing a job (e.g., sales commission) or a group tasked with a specific function (e.g., a planning commission).

Synonyms:

• Regulatory agency
• Consumer protection agency

Idioms and Phrasal Verbs:

• There are no specific idioms or phrasal verbs directly related to the "Federal Trade Commission," but you might hear phrases like "keeping competition fair" or "watchdog agency" to describe its role.

Summary:

The Federal Trade Commission is an important part of the U.S. government that helps ensure fair business practices and protects consumers.

Academic

Noun

1. an independent agency of the United States federal government that maintains fair and free competition; enforces federal antitrust laws; educates the public about identity theft

Synonyms

• Federal Trade Commission
• FTC