free competition; unrestricted competition
Tone colorsmāmámǎmàma
Meanings
1 sense · 3 examplesnoun
free competition; unrestricted competition between commodity producers in production and sales
technicalIn Marxist political economy, refers to the competitive stage of capitalism where many small capitalists compete freely, inevitably leading to the concentration of production as large capital squeezes out and absorbs small capital, eventually resulting in monopoly.
Zì自
yóu由
jìng竞
zhēng争
bì必
rán然
yǐn引
qǐ起
shēng生
chǎn产
jí集
zhōng中
。
Free competition inevitably leads to the concentration of production.
Zài在
zì自
yóu由
jìng竞
zhēng争
jiē阶
duàn段
，
jià价
gé格
yóu由
shì市
chǎng场
gōng供
qiú求
guān关
xì系
jué决
dìng定
。
During the stage of free competition, prices are determined by market supply and demand.
Show 1 more exampleShow fewer examples
Zì自
yóu由
jìng竞
zhēng争
zuì最
zhōng终
huì会
dǎo导
zhì致
lǒng垄
duàn断
de的
xíng形
chéng成
。
Free competition eventually leads to the formation of monopolies.