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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:

Video Vocabulary

structures

/ˈstrək(t)SHər/

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/

adverb

used to emphasize accuracy of figure or description.

difficult

/ˈdifəkəlt/

adjective

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

example

/iɡˈzampəl/

noun verb

Thing, person which represents a category. be illustrated or exemplified.

description

/dəˈskripSH(ə)n/

noun

Explanation of what something is like, looks like.

foreign

/ˈfôrən/

adjective

Being of a different place or country.

exchange

/iksˈCHānj/

noun verb

The place you can change money to another currency. To give things of similar value to each other.

products

/ˈprädəkt/

noun other

manufactured article or substance. Items that can be bought.

perfectly

/ˈpərfək(t)lē/

adverb

In a faultless manner; without mistakes.

competitive

/kəmˈpedədiv/

adjective

characterized by competition.

previous

/ˈprēvēəs/

adjective

Existing or happening before the present time.

individual

/ˌindəˈvij(o͞o)əl/

adjective noun

single or separate. Single person, looked at separately from others.

timestamped

/ˈtīmˌstamp/

verb

record date or time of.

consumers

/kənˈso͞omər/

noun other

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

industry

/ˈindəstrē/

noun

Hard work; being busy working.

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