Undertakings
Under EC law cartels are banned by Article 101 TFEU. Art. 101 TFEU makes clear who the targets of competition law are in two stages with the term agreement between "undertaking". This is used to describe almost anyone "engaged in an economic activity", but excludes both employees, who are by their "very nature the opposite of the independent exercise of an economic or commercial activity", and public services based on "solidarity" for a "social purpose".
Read more about this topic: Article 101 Of The Treaty On The Functioning Of The European Union
Famous quotes containing the word undertakings:
“Her undertakings are secure and never fail.”
—Henry David Thoreau (1817–1862)
“The best chess-player in Christendom may be little more than the best player of chess; but proficiency in whist implies capacity for success in all these more important undertakings where mind struggles with mind.”
—Edgar Allan Poe (1809–1845)