fair trade laws

Definition of "fair trade laws"
  1. Laws once prevalent in various states that allowed manufacturers to establish minimum resale prices for their products
How to use "fair trade laws" in a sentence
  1. The retail store had to respect the fair trade laws and couldn't lower the price of the manufacturer's product.
  2. Under the fair trade laws, producers could control the resale value of their goods.
  3. Despite being repealed in many parts, some manufacturers still follow norms similar to the fair trade laws.

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