Which Joe gave his name to ‘sloppy joes’? We look at five interesting sandwiches and their lexical origins.
[mass noun] The situation prevailing in a market in which elements of monopoly allow individual producers or consumers to exercise some control over market prices.
- ‘There are arguments for free trade even if trade flows respond more to imperfect competition than to comparative advantage.’
- ‘But neoclassical economics can readily expand to models of imperfect competition that are perfectly capable of generating it.’
- ‘In chapter 2, however, we learn about market failure and imperfect competition.’
- ‘Thirdly, trade liberalization limits the market power of firms, and as a consequence, price distortions resulting from imperfect competition will decrease and efficiency will increase.’
- ‘Market measures of imperfect competition used in this study arc the Lerner index, buyers' market shares, and the seller concentration ratio.’
We take a look at several popular, though confusing, punctuation marks.
From Afghanistan to Zimbabwe, discover surprising and intriguing language facts from around the globe.
The definitions of ‘buddy’ and ‘bro’ in the OED have recently been revised. We explore their history and increase in popularity.