Free competition, if it existed in perfection everywhere, would be a perfectly undiscriminating distributor of earnings, and would apportion all returns according to costs.
Price, the measure of value in terms of money, will be determined, under conditions of free competition, by the interaction of utility and scarcity.
To sum up, the share of the joint industrial income going respectively to the land-owner, the capitalist, and the laborers is determined by the interaction of the forces of supply and demand, operating under conditions of free competition.
Where, again, there is free competition in productive enterprise, the price of commodities produced by a given concern cannot rise too far, for consumers will either buy those commodities of rival producers, or will use substitutes.
Here Political Economy is preached, whose idol is free competition, and whose sum and substance for the working-man is this, that he cannot do anything more rational than resign himself to starvation.
This war of each against all, of the bourgeoisie against the proletariat, need cause us no surprise, for it is only the logical sequel of the principle involved in free competition.
Extreme individualists, believing that everything would be settled for the best by free competition, wish to make it universal.
The justification for these limitations on the right of private property, on free choice of the individual, on "free competition," must be found in the social result secured.
These laws were by the older economists thought to be true only within the limits of free competition.
When cost of production was believed to be the regulator of value, it was said that the law of value laid down was true "within the limit of free competition.
The State ought to give him legal security against being robbed of these, his only property, by the operation of free competition.
His exposition of the natural or social limit to free competition, and of its bearing on the theory of value.
The economic storm of the war has broken down the equable course of free competition, and has caused regulation of wages and prices on all sides.
In those matters which are left to the adjustment of free competition, it is necessary that everyone should be in a fair position to bargain, so that there may be no compulsion due to sheer starvation.
What in the form of principle or theory was propounded as the equality of all has found here in competition its realization and practical carrying out; for egalite is--free competition.
Free competition, therefore, has only the following meaning: To the State all rank as its equal children, and every one can scud and run to earn the State's goods and largess.
He admits the socialist criticism of the waste due to free competition; but thinks this inevitable as a practical way of securing equilibrium of production.
This is the chain of cause and effect which has wrought the consolidation of competing parallel roads in scores of cases, and which, if free competition is allowed to act, is sure to do so.
It is a significant fact that the downfall of the syndicate was not followed by the reëstablishment of free competition.
There, free competition, and the consequent oppressions of skill and capital are fiercer and more active than in any other country.
The opulent and highly civilised nation leaves the education of the people to free competition.
If," they say, "free competition is a good thing in trade, it must surely be a good thing in education.
We have applied the principle of free competition to a case to which that principle is not applicable.
While that contest was undecided, much was said and written about the advantages of free competition, and about the danger of suffering the State to regulate matters which should be left to individuals.
Under the rulings of the Supreme Court, combinations and conspiracies which restrain trade and develop monopolies are those which, broadly speaking, deprive the public of the benefits of free competition.
They sought to end special privilege and put all citizens on the same basis of free competition.
Mayer snapped, "Obviously, in a system of free competition, all cannot progress at once.
Mayer said, "Already on most of Genoa it is a matter of free competition.
You with your talk of building an economy with a system of free competition.
I have advocated a system of free competition; my learned colleague has been of the opinion that a strong state and a planned, not to say totalitarian, economy would be the quicker.
Regarded from the widest economic point of view, the existence of an excessive supply of labour seeking employments open to free competition must be regarded as the most important aspect of the "sweating system.
This struggle for life in the shape of work for bare subsistence wages, is the true logical and necessary outcome of free competition among an over supply of low-skilled labourers.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "free competition" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
