One of the mysteries of the English language finally explained.
1An arrangement by a group of workers to limit output or restrict the entry of new workers in order to protect their own interests.
- ‘Meanwhile, sources in the Competition Authority point out that a number of restrictive practices remain in place which benefit existing players at the expense of new entrants.’
- ‘He called on the Government to confront vested interests by tackling restrictive practices among the professions and to introduce interim price controls.’
- ‘The report highlighted restrictive practices among lawyers, accountants and architects.’
- ‘The retail pharmacy market was partly deregulated in 2001 following a legal challenge, though certain restrictive practices remain in force.’
- ‘Eleven years ago, the authority's predecessor, the Fair Trade Commission, issued the first major report on restrictive practices in the legal profession.’
- 1.1 An arrangement in industry or trade that restricts competition between firms.
- ‘Trade disputes reached a peak in the 1980s, with each side accusing the other of a range of restrictive practices and protectionism, especially in the areas of agriculture and governmental procurement policies.’
- ‘We believe in greater competition, more efficient and less costly services for transport users and the breaking down of outmoded, anti-competitive restrictive practices.’
- ‘In the past, distributors tried to maximise profits by imposing a number of restrictive practices on the cinema industry.’
- ‘Time after time they find that higher prices prevail where there is a lack of competition and where restrictive practices are rife.’
- ‘‘Too many sectors of our economy are shielded from market realities by outdated laws, by restrictive practices, by anti-competitive activities,’ she said.’
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