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**attanilifardy** · 09-04-2012, 04:22 AM

I have heard its 30%....also Islam does not allow a price war and undercutting competitors because if allowed to continue one or two companies will dominate (monopoly or oligopoly) the market and it will cause problems.

I have heard no such thing. From what I know free markets are promoted by Islam. The "price war" and "undercutting competitors" that you mention are negative words to describe exactly what happens in a free market (which is not a bad thing).

Bring your proof, I would be interested.

09-04-2012, 04:22 AM	#3
attanilifardy Join Date Oct 2005 Posts 505 Senior Member	I have heard its 30%....also Islam does not allow a price war and undercutting competitors because if allowed to continue one or two companies will dominate (monopoly or oligopoly) the market and it will cause problems. I have heard no such thing. From what I know free markets are promoted by Islam. The "price war" and "undercutting competitors" that you mention are negative words to describe exactly what happens in a free market (which is not a bad thing). Bring your proof, I would be interested.
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