IMPERFECT COMPETITION
Market that does not adhere to strict rules of perfect competition. A perfect competition denotes the following: no supplier can affect prices, barriers to entry and exit are little, all suppliers offer the same products, huge number of suppliers and buyers, and available details on pricing and process. Types of imperfect competition are oligopoly, monopoly, oligopsony, monopolistic competition, and monopsony.
POPULAR TERMS
Multinational Corporation - MNC
A corporation that operates in different countries. These companies have offices and/or factories in several nations and have a centralized head of ...
Hard Sell
Sales practice denoted by forceful language. Hard sell is considered to be a high-pressure method, as it is designed to get a consumer purchase a g ...
Usury Laws
Usury laws are laws that regulate the amount of interest that may be imposed on a loaned fund or asset. The purpose of usury laws are to do away wi ...
Capital Saturation
An economic status in which actual income is big and is assumed to continue to bolster, causing the general public, huge companies and even public ...
60-Plus Delinquencies
Mortgage loan that is over 60 days past due on their debt payments. These are expressed as a percentage of a group of loans within a given time per ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Principles of Trading: Well Known Trading Instruments
Traders look at two primary factors when choosing the instruments they desire to trade: liquidity and volatility. Liquidity is the extent to which ...
Buying a Home: Determining the Amount You Can Afford
You have decided to buy a house, choose the best location, and select a home suitable for you needs. It is high time to determine the amount you ca ...
A Guide to Your Personal Income Tax: Common Filing Mistakes
Failure to file the return on time is the most common mistake committed by taxpayers. Here are some of the other mistakes, which can cost you a lot ...
Retirement Planning: Allocating and Diversifying
The assets you select to invest in will depend on numerous factors, including your risk appetite and investment timeframe. The two primary factors ...
Buying a Home: Selecting a House Suitable for Your Needs
After choosing the best location of your new house, it is about time to decide on the home that you want. Basically, there are three types of homes ...
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