Free trade Essay Examples

free trade is the best suitable form of an economic system in any particular economy. Smith didn’t view monopoly as a dangerous aspect which is attributed to free but rather as a way of promoting competition in the production of goods and services. On a different perspective, Karl Marx criticized the concept of free trade and monopoly arguing that monopoly destroys competition and consumer power. Though both arguments are sensible one way or the other, Karl Marx doctrine has a better illustration in the case of Luxottica monopoly power. As stated in the video, Luxottica has been acquiring and purchasing smaller companies which try to compete with their brands thereby expanding their monopoly power....

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