Ftc (Noun)
Meaning
An independent agency of the United States federal government that maintains fair and free competition; enforces federal antitrust laws; educates the public about identity theft.
Classification
Nouns denoting groupings of people or objects.
Examples
- The FTC regulates and oversees various business practices in the United States to protect consumers and promote competition.
- In an effort to educate consumers about online fraud, the FTC has created a website offering advice on how to stay safe while shopping online.
- The FTC can enforce federal antitrust laws against a company found guilty of monopolistic practices.
- Individuals can report cases of identity theft to the FTC, who will then guide them through the necessary steps to restore their credit.
- The FTC also works to prevent deceptive advertising by requiring companies to provide truthful information about their products.