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Perfect market


an economic market in which the conditions for perfect non-preferential competition exist

In a perfect market, the market price of a commodity is beyond the control of individual buyers and sellers.
Word Origin



Read Also:

  • Perfectness

    [adjective, noun pur-fikt; verb per-fekt] /adjective, noun ˈpɜr fɪkt; verb pərˈfɛkt/ adjective 1. conforming absolutely to the description or definition of an ideal type: a perfect sphere; a perfect gentleman. 2. excellent or complete beyond practical or theoretical improvement: There is no perfect legal code. The proportions of this temple are almost perfect. 3. exactly […]

  • Perfect-number

    noun, Mathematics. 1. a positive number that is equal to the sum of all positive integers that are submultiples of it, as 6, which is equal to the sum of 1, 2, and 3. noun 1. an integer, such as 28, that is equal to the sum of all its possible factors, excluding itself perfect […]

  • Perfecto

    [per-fek-toh] /pərˈfɛk toʊ/ noun, plural perfectos. 1. a rather thick, medium-sized cigar tapering almost down to a point at each end. /pəˈfɛktəʊ/ noun (pl) -tos 1. a large cigar that is tapered from both ends

  • Perfector

    /ˈpɜːfɪktə/ noun 1. a person who completes or makes something perfect 2. (printing) a machine or press capable of printing both sides of the paper in a single operation

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