Question

Can someone please help me am doing business law not economics. Can you type it out thank you.

the topic is to written in 100 words and should citation from a reliable source.

Describe the three powers Congress has given to the Federal Trade Commission (FTC) that are typically associated with the three traditional branches of government.

Answer 1

The three powers Congress has given to the Federal Trade Commission (FTC) that are typically associated with the three traditional branches of government are as follows: -

1. The Bureau of Competition

2. The Bureau of Consumer Protection

3. The Bureau of Economics

The Bureau of Competition's job is to promote competition in the marketplace and to challenge business practices that work against competition. The work of this bureau helps make sure that consumers have access to quality goods and services, that businesses can compete on the merits of their work, and that markets stay open and free. It does this by investigating possible violations of the law, challenging possible problems, and bringing cases when needed. The FTC does not choose winners and losers—you, the consumer, do that. Rather, the FTC helps make sure that businesses compete fairly within a set of rules and laws made by the Congress.

The Bureau of Consumer Protection's job is to protect consumers against unfair, deceptive, or false business practices in the marketplace. This bureau makes sure that companies are playing by the rules in advertising, fair financial and lending practices, telemarketing, the privacy of your personal information, and fraud. The Bureau of Consumer Protection conducts investigations, sues companies and people who break the law, educates consumers and businesses about their rights and responsibilities, and writes rules to protect consumers like us.

The Bureau of Economics’ job is to analyze how the marketplace works and how actions by businesses, the government, and consumers affect different industries. Economists provide advice and research to support competition and consumer protection investigations and court cases.

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