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We are continually being undersold in foreign markets by goods produced under conditions of labour which we would not tolerate in this country.
They have to look most minutely at the costs which they incur, in order that they should not be undersold by their competitors.
Why is it that we are undersold throughout the world?
The alarmists were in full cry—their cases were never knowingly undersold.
Protection is demanded so as to keep out imported goods, to prevent foreign goods from underselling home goods.
In other words, there is underselling in the export trade, and overlapping in the inland trade.
Because they were underselling us; they were selling more cheaply than we can produce them.
Therefore, we must accept the view that either shares were overbought before the crash or have now been undersold.
Is there any way that can be used to prevent one district underselling another district after the price has been fixed?
The reason is that our prices per ton of steel are greater than those of our competitors, and we have been undersold, to a vast extent, in our own market.
The market is being undersold substantially.
They are therefore being undersold.
We are being undersold throughout the world.
We shall see all sorts of special drinks, based on wine, but heavily fortified, coming to this country and underselling the traditional drinks which we produce here.
I did mention that we were undersold by other countries that had not the same standard of living as our own, but that is quite a different proposition.