fair-trade act

1. 1.

   formerly a state law that protected manufacturers from price-cutting by allowing them to set minimum retail prices for their merchandise; eliminated by the United States Congress in 1975

   Broaderlegislative act

Questions about fair-trade act

What does fair-trade act mean?

fair-trade act means "formerly a state law that protected manufacturers from price-cutting by allowing them to set minimum retail prices for their merchandise; eliminated by the United States Congress in 1975".

Is fair-trade act a common word?

fair-trade act is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.