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Concept information

... > social science subjects > business and management > international business > economics of international business > economic theories of international business > market imperfections theory

Preferred term

market imperfections theory  

Definition(s)

  • Market imperfections arise from violating the assumptions of perfect competition as described in neoclassical economics. The neoclassical market model ensures an efficient allocation of all goods and incomes. [Source: Encyclopedia of Business in Today's World; Market Imperfections Theory]

Broader concept(s)

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URI

http://data.loterre.fr/ark:/67375/N9J-RHPCTSR3-G

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