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Competition Act is related to which dimension?

Answer and explanation

Correct answer: Legal dimension

The direct answer is C: legal dimension. A Competition Act is legislation that establishes rules for competition and business conduct. Since it is an Act, it forms part of the legal environment that companies must understand and obey. A is wrong because technology concerns tools, machines, software and production techniques. B is wrong because the social dimension concerns population, culture, lifestyle and values. D is less correct because the economic dimension concerns factors such as income, inflation, interest and demand; competition may affect the economy, but the named Act is classified by its legal nature. C is therefore the best answer. Exam cue: classify the stated instrument first—an Act or regulation is legal, even when its effects are economic or social.

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Legal DimensionCompetition ActLaw

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