HyperDic: fair-trade_act

English > 1 sense of the expression *fair-trade act*:
NOUN	communication	fair-trade act	formerly a state law that protected manufacturers / manufacturers from price-cutting by allowing them to set minimum retail prices for their merchandise

English > *fair-trade act*: 1 sense > noun 1, communication
Meaning	formerly a state law that protected manufacturers / manufacturers from price-cutting by allowing them to set minimum retail prices for their merchandise; eliminated by the United States Congress in 1975.
Broader	legislative act, statute	An act passed by a legislative body