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How to pronounce “perfect competition”
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Pronunciation guide for perfect competition
- Learning goal
- Practice the English pronunciation of perfect competition with real speech in context.
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- Definition summary
- (economics) A theoretical type of market structure, where there are many firms providing homogeneous (especially, fungible) goods or services, resulting in allocative and productive efficiency in the long run but also precluding profitability.
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A Deep Dive Into “perfect competition”
Meaning
- [Noun]
- (economics) A theoretical type of market structure, where there are many firms providing homogeneous (especially, fungible) goods or services, resulting in allocative and productive efficiency in the long run but also precluding profitability.
Practice Nearby Words
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