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In economics, "infinite buyers and sellers" refers to a market condition where there are so many participants that no single buyer or seller can influence the market price. This concept is a key characteristic of perfect competition, where products are homogeneous and information is freely available. In such a scenario, each participant acts independently, leading to an efficient allocation of resources and equilibrium prices determined solely by supply and demand.
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In economic terms what does market mean?
the coming together of a buyer and seller
What do bid and ask mean in currency conversion?
The bid and ask are the best prices offered by the buyers and sellers.
What does RATNEST mean in economics?
Resource prices, Alternative prices, Technology improvements, Number of sellers/firms, Expectations of suppliers/producers, Subsidies, Taxes
What do economists mean by the term market?
for a common man, the term market means a place where buying and selling of goods take place.. but in economics, the term market refers to place where both the buyers buy and sellers sell products at a agreed price..both need not meet each other,,the buying and selling may even take place over phone,internet etc...
What does the term market mean in economics?
In economics, the term "market" refers to a system or platform where buyers and sellers interact to exchange goods, services, or resources. It encompasses various forms, including physical locations like farmers' markets and virtual spaces like online marketplaces. Markets operate under supply and demand dynamics, which help determine prices and allocate resources efficiently. Additionally, markets can be categorized into different types, such as perfect competition, monopoly, and oligopoly, based on the number of participants and the nature of competition.
In economic terms what does market mean?
the coming together of a buyer and seller
What do bid and ask mean in currency conversion?
The bid and ask are the best prices offered by the buyers and sellers.
What does RATNEST mean in economics?
Resource prices, Alternative prices, Technology improvements, Number of sellers/firms, Expectations of suppliers/producers, Subsidies, Taxes
What do the incoterms mean?
Incoterms is a set of trade terms wich define the costs and risks for sellers and buyers in the international trade. Incoterms is a trademark of the International Chamber of Commerce.
What does marketable mean?
Where buyers and sellers meet to exchange goods and services
What do economists mean by the term market?
for a common man, the term market means a place where buying and selling of goods take place.. but in economics, the term market refers to place where both the buyers buy and sellers sell products at a agreed price..both need not meet each other,,the buying and selling may even take place over phone,internet etc...
What does Sellers mean in Hebrew?
If you mean people who sell things:male sellers (or a mixed group) = mokhrim (מוכרים)female sellers only = mokhrot (מוכרות)If you are talking about the name "Sellers":"Sellers" has no meaning in Hebrew because it's not a Hebrew name.
What does infinite worth mean?
you are of infinite worth meaning
How many decimal places are in π?
If you mean the number pi, that has an infinite number of decimals.If you mean the number pi, that has an infinite number of decimals.If you mean the number pi, that has an infinite number of decimals.If you mean the number pi, that has an infinite number of decimals.
Does apeiromorph mean infinite forms in Greek?
Yes. Apeiromorph does mean infinite forms in Greek.
Does apeirochromatic mean infinite colors in Greek?
Yes. Apeirochromatic does mean infinite colors in Greek.
What is eminems first album?
The Slim Shady LP if you mean Major.His First CD ever was Infinite
