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Home > Terms > Bosnian (BS) > Savršena konkurencija
Savršena konkurencija
A theoretical condition in a market in which no company or consumer has any real power. The following are considered to be characteristics of perfect markets: infinite buyers or infinite sellers, no entry or exit barriers, information on prices and quality of products are well known by everyone, transactions have no cost, a company's goal is to maximize profits and products are fairly homogenous or similar.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Business services
- Category: Marketing
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
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