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Imperfect Market
(redirected from Perfect market)

   Also found in: Dictionary/thesaurus, Wikipedia 0.02 sec.
Imperfect market
Economic environment in which the costs of labor and other resources used for production encourage firms to use substitute inputs that are less costly.

Imperfect Market
1. See: Market inefficiency.

2. A market where costs are too high, encouraging producers either to stop producing or to find ways to lower costs. For example, if labor costs are too high in an imperfect market, producers have an incentive to lower salaries, lay off employees, or cease operations altogether.


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This makes this the perfect market for beginners and financial titans, as long as you''re not afraid of the risk.
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