Why the TTFTC Supports Competition
TTFTC promotes fair competition, equal business opportunities, and transparent practices in Trinidad and Tobago.
Competition is a market situation in which firms or sellers independently strive for buyers’ patronage, in order to attain a particular business objective; in most cases profit, market shares, and/or sales.
The Role of Competition in Driving Economic Growth
Competition is an important driver of competitiveness as it encourages entrepreneurial activities and market entry.
Effective competition policy and law can promote competitiveness and an economy’s growth prospects and can work with other complementary policies and strategies to enhance trade, investment and resource mobilization.