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Perfect competition - characteristics and long-run equilibrium

5,622 views

EnhanceTuition

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

98%
  • 5:22 / 5:27

Speech Rate:

  • 173 wpm - Fast

Category:

  • Education

Tags :

Intro:

Special thanks to The Free Dictionary for providing us with the information used in this web page

Video Vocabulary

structures

/ˈstrək(t)SHər/

structures
noun other verb

arrangement of and relations between parts or elements of something complex. The ways some things are built, arranged or organized. To make or build with an organized framework.

exactly

/iɡˈzak(t)lē/

exactly
adverb

used to emphasize accuracy of figure or description.

difficult

/ˈdifəkəlt/

difficult
adjective

Hard; not easy; you need to work hard to do it.

example

/iɡˈzampəl/

example
noun verb

thing characteristic of its kind. be illustrated or exemplified.

description

/dəˈskripSH(ə)n/

description
noun

spoken or written account of person or event.

foreign

/ˈfôrən/

foreign
adjective

Strange; different from ones found at home.

exchange

/iksˈCHānj/

exchange
noun verb

Short discussion or talk. To share (a look, a few words etc.).

products

/ˈprädəkt/

products
noun other

manufactured article or substance. Items that can be bought.

perfectly

/ˈpərfək(t)lē/

perfectly
adverb

in manner or way that could not be better.

competitive

/kəmˈpedədiv/

competitive
adjective

characterized by competition.

previous

/ˈprēvēəs/

previous
adjective

existing or occurring before in time or order.

individual

/ˌindəˈvij(o͞o)əl/

individual
adjective noun

Having a distinct manner different from others. single human being.

timestamped

/ˈtīmˌstamp/

timestamped
verb

record date or time of.

consumers

/kənˈso͞omər/

consumers
noun other

person who purchases goods and services. People who buy goods or services.

industry

/ˈindəstrē/

industry
noun

Hard work; being busy working.

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