Which of the following terms describes a legal framework aimed at encouraging competition?

Competition legislation refers to laws and regulations that are designed to promote competition within markets, prevent monopolies, and discourage anti-competitive practices. This legal framework aims to ensure that no single entity can dominate a market to the extent that it stifles competition, innovation, or consumer choice. By fostering a competitive environment, competition legislation can lead to better prices, higher quality goods and services, and increased innovation as businesses strive to meet consumer needs.

In contrast, market facilitators generally refer to organizations or entities that help streamline market operations and improve efficiency, rather than focusing specifically on competition. Trade agreements are contracts between countries that outline the terms of trade, potentially affecting competition indirectly, but they are not primarily focused on promoting domestic competition. Business regulations encompass a broader range of rules that govern business operations, including health and safety standards, environmental protections, and labor laws, rather than specifically targeting competitive practices within the market.