Competition/Definition: Difference between revisions
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In economics, the attribute of a [[market]] that is characterised by the closeness of its approach to the ideal of [[Competition#Definition|perfect competition]] in which no supplier is able to influence the price of its products. | |||
Revision as of 01:37, 26 July 2010
In economics, the attribute of a market that is characterised by the closeness of its approach to the ideal of perfect competition in which no supplier is able to influence the price of its products.