restrictive trade practices
- restrictive trade practices
/rɪˌstrɪktɪv 'treɪd ˌpræktɪsɪz/, restrictive practices /rɪˌstrɪktɪv 'præktɪsɪz/ plural noun
1. an arrangement between companies to fix prices or to share the market in order to restrict trade
2. ways of working which make people less free (such as trade unions stopping workers from doing certain jobs or companies not allowing customers a free choice of product)
● Restrictive practices in industry mean that employers will not be able to afford to take on more labour.
Dictionary of banking and finance.
2015.
Look at other dictionaries:
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