imperfect market

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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.

imperfect market

see MONOPOLISTIC COMPETITION.
References in periodicals archive ?
She provides Perfect Market business analysts a technical interpretation of that data.
T in the Park could be the perfect market for that.
He continues: "We saw the Middle East as a perfect market for our upmarket products and gulfBID seemed the ideal opportunity for us to break into this region.
With the CO2 Toolbar, we've made it easy for computer users to significantly reduce -- and track -- their computer's energy consumption helping the environment," said Tom McGovern, CEO of Perfect Market.
Putting Supply and Demand Together Perfect Market Model
It is usually defined as the price a willing seller will sell to a willing buyer when there is a perfect market of several sellers and several buyers.
Bill Anderson, deputy general secretary of the city's National Union of Teachers branch, said: "Mr Hill is putting his idea of a perfect market, but he may not realise we are dealing with people and not tins of beans.
The result should be the perfect market, but in the case of Asian Americans, reaching that market is not as easy as it may appear.
While undertaking market research Tom's findings suggested the thriving sports culture which exists in the region's universities would be the perfect market for him to target.
Belfast is a perfect market for Malmaison,' continued Mr Cook.
Although we can retain the impossible ideal of the perfect market, we must set realistic goals based on contingent, empirical judgments as to the relative efficiency of possible actual market choices.