Contestable market

Contestable market

A market in which an inefficient firm, or one earning excess profits, is likely to be driven out by a more efficient or less profitable rival. A market can be contestable even if it is dominated by a single firm, which appears to enjoy a monopoly with market power, and the new entrant exists only as potential competition (see antitrust).

This is auto-generated content. You can help to improve it.

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

contestable market

Economy; Economics

A market in which an inefficient firm, or one earning excess profits, is likely to be driven out by a more efficient or less profitable rival. A market can be contestable even if ...

contestable market

Economy; International economics

A market that, even though it has only a single or a small number of sellers, could readily admit more, so that the pricing behavior of current sellers is constrained by the ...

market

Professional careers; Sales

All the buyers and potential buyers of a product who profess some level of interest in it and who can afford it.

market

Economy; International economics

1. The interaction between supply and demand to determine the market price and corresponding quantity bought and sold. 2. The determination of economic allocations by ...

market

Economy; Economics

A group of buyers and sellers of a particular good or service.

market

Politics; Political Science

The buying and selling of goods and commodities, in a marketplace. This has nothing to do with a particular location-it refers only to the conditions where buyers and sellers can ...

immaterial economy

Economy; Economics

An economy in which traditional investment in areas such as natural resources, equipment and infrastructures lags behind immaterial items such as training and research and ...

digital economy

Economy; Economics

The digital economy represents the persuasive use of IT (hardware, software, applications and telecommunications) in all aspects of the economy, including internal operations of ...

knowledge management

Economy; Economics

Management of the intellectual product that is generated by associating relationships among items of data and information in a given field. Source: Termium plus. Sub verbis ...

internet economy

Economy; Economics

A business environment created by networks of enterprises conducting e-commerce. (The "I" in "internet is normally spelled with a capital "I") Source: Samarajiva, Rohan. “How the ...

circular economy

Economy; Economics

The discipline which focuses on the design, development, operation, renewal and decommissioning of industrial facilities as ecological systems, with an emphasis on the ...

economic intelligence

Economy; Economics

The techniques for extracting essential information from a large volume of data and presenting it in an easy-to-understand form, hiding all complexity, making it suitable for ...

Terms in the News

Featured Terms

Harry8L

0
Terms
0
Blossaries
1
Followers

Industry/Domain: Tourism & hospitality Category: Hotels

Bathroom amenities

They are products, often with the name of the hotel on it, that you will find at your disposal in your bathroom. Most frequently, they are bath soap ...