Sentence:  In order to focus clearly upon the operation of this one force , which we may call the effect of `` public limit pricing '' on `` key '' wage bargains , we deliberately simplify the model by abstracting from other forces , such as union power , which may be relevant in an actual <WSD>situation</WSD> . 
Meaning of the word marked with <WSD> tags:  the general state of things; the combination of circumstances at a given time