3 ms·
My definition of perfect competition is not iffy. It is a well established term in economics. It's not a statement of value or opinion, it's a term that is alre
by safety1st 3y ago
My definition of perfect competition is not iffy. It is a well established term in economics. It's not a statement of value or opinion, it's a term that is already defined and its definition isn't up for debate. I appreciate your interest in the discipline of economics and there is a wealth of free knowledge available on the Internet, including the entire text of Wealth of Nations, about economic theory which you may find it interesting to read. https://en.wikipedia.org/wiki/Perfect_competition https://en.wikipedia.org/wiki/Perfect_competition