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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

No more and no less than; precisely.

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

spoken or written account of person or event.

foreign

/ˈfôrən/

adjective

of country or language other than one's own.

exchange

/iksˈCHānj/

noun verb

Act of returning something to a store. To return something to a store.

products

/ˈprädəkt/

noun other

manufactured article or substance. Items that can be bought.

perfectly

/ˈpərfək(t)lē/

adverb

in manner or way that could not be better.

competitive

/kəmˈpedədiv/

adjective

Being strongly driven to win or be better than.

previous

/ˈprēvēəs/

adjective

Existing or happening before the present time.

individual

/ˌindəˈvij(o͞o)əl/

adjective noun

Made for use by one single person. single human being.

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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