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Từ vựng:

illicit competition

Giải nghĩa:

/ɪˈlɪsɪt ˌkɒmpɪˈtɪʃən/ – Phrase


Definition: cạnh tranh bất chính.

A more thorough explanation: “Illicit competition” refers to unfair or illegal practices carried out by businesses in order to gain an advantage over their competitors. This can include actions such as price-fixing, collusion, false advertising, or other deceptive practices that violate competition laws.

Example: The company was accused of engaging in illicit competition by offering bribes to potential clients in order to secure contracts.

 

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