The perfect market, as defined in economic textbooks, is not a truly achievable goal, but is still a beneficial model that provides a starting point for observation of our present market status. Practically, the imperfect market is the only kind that really exists. Even in the United States, the most advanced financial market in the world, there are still numerous cases of price corruption, improperly disseminated information and other market inefficiencies.
Investment dictionary. Academic. 2012.
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imperfect market — ➔ market1 * * * imperfect market UK US noun [C, usually singular] ECONOMICS ► a market that does not work as it should, for example, because there is only one company selling a product and it can control its price and supply: »Even after… … Financial and business terms
Market failure — is a concept within economic theory wherein the allocation of goods and services by a free market is not efficient. That is, there exists another conceivable outcome where a market participant may be made better off without making someone else… … Wikipedia
Imperfect (disambiguation) — Imperfect has several meanings: * The imperfect tense in linguistics * an imperfect cadence in music theory * an imperfect market in economic theory … Wikipedia
market — Usually refers to the equity market. The market went down today means that the value of the stock market dropped that day. Bloomberg Financial Dictionary * * * ▪ I. market mar‧ket 1 [ˈmɑːkt ǁ ˈmɑːr ] noun 1. [countable] COMMERCE the activity of… … Financial and business terms
Market structure — Economics … Wikipedia
imperfect — im‧per‧fect [ɪmˈpɜːfɪkt ǁ ɜːr ] adjective 1. MANUFACTURING imperfect goods, products etc have not been made completely correctly: • Years ago, manufacturers used shopping malls to unload imperfect goods. 2. ECONOMICS used to describe markets or… … Financial and business terms
imperfect competition — ➔ competition * * * imperfect competition UK US noun [U] ECONOMICS ► the situation in which there is little or no competition in a market, for example, because there is only one company selling a product and it can control its price and supply →… … Financial and business terms
market — marketer, n. /mahr kit/, n. 1. an open place or a covered building where buyers and sellers convene for the sale of goods; a marketplace: a farmers market. 2. a store for the sale of food: a meat market. 3. a meeting of people for selling and… … Universalium
Imperfect competition — In economic theory, imperfect competition is the competitive situation in any market where the conditions necessary for perfect competition are not satisfied.Forms of imperfect competition include:* Monopoly, in which there is only one seller of… … Wikipedia
Imperfect Competition — A type of market that does not operate under the rigid rules of perfect competition. Perfect competition implies an industry or market in which no one supplier can influence prices, barriers to entry and exit are small, all suppliers offer the… … Investment dictionary