մենաշնորհային մրցակցություն

մենաշնորհային մրցակցություն

Somewhere between perfect competition and monopoly, also known as imperfect competition. It describes many real-world markets. Perfectly competitive markets are extremely rare, and few firms enjoy a pure monopoly; oligopoly is more common. In monopolistic competition, there are fewer firms than in a perfectly competitive market and each can differentiate its products from the rest somewhat, perhaps by advertising or through small differences in design. These small differences form barriers to entry. As a result, firms can earn some excess profits, although not as much as a pure monopoly, without a new entrant being able to reduce prices through competition. Prices are higher and output lower than under perfect competition.

0 0

Improve it

Add an image

Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Economy
Category: Economics
Company: The Economist
Product:
Acronym-Abbreviation:

Collect to Blossary

Other Languages:

Related terms

մրցակցություն

Business services; Marketing

Sales promotions that encourage consumers to buy a product or service for the opportunity to have a chance of winning a prize.

մրցակցություն

Business services; Marketing

Products or services that can replace one's own product or service without a loss to the customer.

մրցակցություն

Economy; Economics

The more competition there is, the more likely are firms to be efficient and prices to be low. Economists have identified several different sorts of competition. Perfect ...

անթերի մրցակցություն

Economy; Economics

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 ...

անթերի մրցակցություն

Business services; Marketing

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 ...

վարկանիշ

Economy; Economics

A guide to the riskiness of a financial instrument provided by a ratings agency, such as Moody’s, Standard and Poor’s and Fitch IBCA. These measures of credit quality are mostly ...

նորմավորում

Economy; Economics

Although economists say that rationing is what the price mechanism does, what most people think of as rationing is an alternative to letting prices determine how scarce economic ...

իրական փոխարժեք

Economy; Economics

An exchange rate that has been adjusted to take account of any difference in the rate of inflation in the two countries whose currency is being exchanged.

իրական տոկոսադրույք

Economy; Economics

The interest rate less the rate of inflation.

անկում

Economy; Economics

Broadly speaking, a period of slow or negative economic growth, usually accompanied by rising unemployment. Economists have two more precise definitions of a recession. The first, ...