Home > Terms > Armenian (HY) > անթերի մրցակցություն
անթերի մրցակցություն
The most competitive market imaginable. Perfect competition is rare and may not even exist. It is so competitive that any individual buyer or seller has a negligible impact on the market price. Products are homogeneous. Information is perfect. Everybody is a price taker. Firms earn only normal profit, the bare minimum profit necessary to keep them in business. If firms earn more than that (excess profits) the absence of barriers to entry means that other firms will enter the market and drive the price level down until there are only normal profits to be made. Output will be maximized and price minimized. Contrast with monopolistic competition, oligopoly and, above all, monopoly.
- Categoria gramatical: noun
- Sinónimo(s):
- Blossary:
- Actividade/ Sector: Economy
- Category: Economics
- Company: The Economist
- Produto:
- Acrónimos-abreviatura:
Outras línguas:
O que quer dizer?
Terms in the News
Featured Terms
Վիկտորիաս Սիքրեթ
A US retailer of premium quality women's fashion wear, lingerie and beauty products. Victoria's Secret is known for its annual fashion runway show, ...
Contribuidor
Featured blossaries
jchathura
0
Terms
3
Glossários
0
Followers
Sri Lankan Traditional paintings
Browers Terms By Category
- Air conditioners(327)
- Water heaters(114)
- Washing machines & dryers(69)
- Vacuum cleaners(64)
- Coffee makers(41)
- Cooking appliances(5)
Household appliances(624) Terms
- Lingerie(48)
- Underwear(32)
- Skirts & dresses(30)
- Coats & jackets(25)
- Trousers & shorts(22)
- Shirts(17)
Apparel(222) Terms
- Ceramics(605)
- Fine art(254)
- Sculpture(239)
- Modern art(176)
- Oil painting(114)
- Beadwork(40)
Arts & crafts(1468) Terms
- Social media(480)
- Internet(195)
- Search engines(29)
- Online games(22)
- Ecommerce(21)
- SEO(8)
Serviços Online(770) Terms
- Hand tools(59)
- Garden tools(45)
- General tools(10)
- Construction tools(2)
- Paint brush(1)