workable competition meaning in Hindi

Examples

1. Clark was a pioneer in developing the notion of workable competition and the theoretical basis of modern Keynesian economics, including the concept of the economic multiplier.
2. A second issue addressed by Stocking was the extent to which concepts of " workable competition " and the " rule of reason " should be employed in antitrust enforcement.
3. But the evidence is now overwhelming that there isn't workable competition in California's power market, and that the actions of generators " gaming the system " have greatly magnified the crisis.
4. And even if there was workable competition in the wholesale electricity market, prices in that market would spike during periods of peak demand, transferring billions of dollars from either taxpayers or consumers to the generators.
5. Orthodox economists fully acknowledge that perfect competition is seldom observed in the real world, and so aim for what is called " workable competition . " This follows the theory that if one cannot achieve the ideal, then go for the second best option by using the law to tame market operation where it can.