restrictive practice

noun [C] UK

Definition

› [often plural] HR, WORKPLACE a limit placed by a trade union on the types of work that its members can do: The union has imposed restrictive practices and is inflexible in its demands.

› (also restrictive trade practice, also restrictive business practice) ECONOMICS, COMMERCE a business agreement between companies that controls prices or the areas in which goods are sold, preventing fair competition from other companies: Most national competition policies still do not apply to restrictive business practices which solely attract foreign markets.

(Definition of restrictive practice noun from the Cambridge Business English Dictionary © Cambridge University Press)

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