Please login to the form below

Not currently logged in
Email:
Password:

Healthcare Glossary

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W |

Perfect competition

A market situation where all relevant information is known to both buyers and sellers; there is freedom to both enter and exit the market; there is a homogenous product; and there are a large number of buyers and sellers, with the product free from being influenced in price or supply by just one of them.

See also:
Unique selling preposition (USP)
Free market economy

COMMENT ON THIS DEFINITIONSUGGEST A NEW TERM

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
Real Science Communications

Real Science Communications is a scientific centre of excellence, infusing credibility and scientific rigour into the conversations around health and...

Infographics