Laws were often passed fixing this "just price," but it was as difficult then as now to prevent the "cornering of the market" by shrewd and unscrupulous traders.
JUST PRICE" People in the Middle Ages did not believe in unrestricted competition.
The idea prevailed that goods should be sold at their "just price" which was not determined by supply and demand but by an estimate of the cost of the materials and the labor that went into their manufacture.
Merchants have a strict right when a debt which they cannot collect is certainly owed them, or when they sold below the minimum just price, because forced to this unjustly, or because they made a mistake in charging.
In one sense it might be said to be a corollary of the doctrine of just price.
But Aquinas treats of usury in the article following his treatment of just price.
The price fixed by law will come closer to being a just price.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "just price" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
