The economic condition keeps on changing over time in the line with the economic the business cycle, as an economy goes through expansion and contraction. The economic condition can be influenced by macro and micro-environment. Including monetary and fiscal policy, GDP growth rate, inflation rate, exchange rate.
The full form of MRTP act is monopoly and restrictive trade practice, which is enacted in the year 1969. That was enacted to ensure the operation of the economic system does not result in the concentration of economic power in the hands of few.
The Consumer Protection Act, 1986 (COPRA) is an act of the parliament of India enacted in 1986 to protect the interests of consumers in India. It is replaced by the consumer protection act 2019
The Competition Act, 2002 was enacted by the Parliament of India and replaced The Monopolies and Restrictive Trade Practices Act, 1969. It is in effect to govern Indian competition law.