Perfect-many equal sellers
Monopolistic- many sellers producing similar products that are perceived as different by buyers
Oligopoly-a few sellers dominate a makrket
Monopoly- only one major seller
Probably Monopoly, Oligopoly, Competitive Oligopoly and Perfect Competition. Corresponding to 1, 2-5, 10-30, or very many firms. It really depends on the product though - perhaps 10-30 firms is already enough to create perfect competition. Another characterization might be:
Monopoly (1), Duopoly (2), Oligopoly (3 - ~ 30), Perfect Competition (many firms).
Mark Leamans Big Fat Head
free enterprise
Private ownership individual initiative profit competition
there are four components of the free enterprise system which include: competition, the pursuit of profit, private property and the right to choose.
There are five primary elements of private enterprise. These include private property, freedom of choice, profits, competition, as well as functioning legal system.
Private ownership individual initiative profit competition
free enterprise
pure competition, monopolistic competition, oligopoly, and monopoly
There are four factors underlying a free enterprise system. They include private ownership of property, competition between businesses, individual initiative, and profit.
Private ownership individual initiative profit competition
there are four components of the free enterprise system which include: competition, the pursuit of profit, private property and the right to choose.
There are five primary elements of private enterprise. These include private property, freedom of choice, profits, competition, as well as functioning legal system.
Private ownership individual initiative profit competition
private ownership, individual initiative, profit, and competition
Private ownership, individual initiative, profit, and competition.
# Private ownership # individual initiative, # profit # competition
THE PRIVATE ENTERPRISE SYSTEM an economic system that rewards firms for their ability to identify and serve the needs and demands of customers. Another name of it is Capitalism.
-Private ownership of capital goods. -Encourages growth -And competition in the market place