| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,528,195,713 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
perfect competition |
Also found in: Financial, Wikipedia | 0.04 sec. |
perfect competitionIn economics, a market in which there are many potential and actual buyers and sellers, each being too small to be an individual influence on the price; there are no barriers to entry or exit; and the products being traded are identical. At the same time, the producers are seeking the maximum profit and consumers the best value for money. Consumers have perfect knowledge of this type of market. The unrealistic, underlying assumptions behind this type of market mean that perfect competition is a theoretical model rather than a practical reality. Nevertheless some elements are applicable in free trade. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | ||
|---|---|---|---|
| In an increasingly competitive market for quality real estate, this joint venture will provide a strong pipeline of premium office product for investment of client funds over the next five years. Impressively "user friendly", June Van Klaveren's The Edge Up is a perfect introduction and a very highly recommended crash course in just that particular area of any commercial enterprise regardless of the type or category of service being offered in a highly competitive market place. But the economic climate and competitive market aren't conducive to reaching those goals, he said. |
| Hutchinson Encyclopedia |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|