ELI5: Explain Like I'm 5

Competition policy

Competition policy is like a set of rules that are created by governments to make sure businesses play fair. When businesses play fair, it stops companies from being too powerful and dominating the market. When this happens, businesses are forced to compete for customers by offering better prices, services, and products. This competition makes it better for the customers, because they can get the products and services they want at a good price.