The-definition.com

Definition

Pure competition

Pure competition is the market structure, in which large numbers of buyers and sellers exchange homogeneous products and no single participant has a significant influence on price.

 

Share it:  Cite

More from this Section

  • Controlling
    ...
  • Cooperative
    Cooperative is the organization whose owners join forces to collectively operate all or ...
  • SWOT analysis
    SWOT is an acronym for the internal Strengths and Weaknesses of a firm and the environment ...
  • Capital Rationing
    Capital Rationing refers to the approach of limiting the scope of new investments that ...
  • Corporate charter
    Corporate charter is the legal document that formally establishes a corporation. ...