An the industry because there are no technological,

An important directionin entrepreneurial activity is the variety of entrepreneurial activity and thecomplexity of management in one or another sphere of the economy.

Depending onwhat the firm deals with, an appropriate decision is taken regarding entrepreneurialactivity: prices for products, production output, the level of profitability ofproduction, etc.In the aggregate ofmarket conditions that have a significant impact on the adoption of economicdecisions, distinguish the following types of markets or market structures:Perfect competition. There are a large number of small producers and a large number of smallconsumers operating on the market, there are no restrictions on entering orleaving the market, production is absolutely homogeneous. Consequently, inperfect competition, a single producer is not able to significantly affect theprice – it is conditioned by the market as a whole, and a separate commodityproducer is forced to adapt his product to market price. In such a competition,demand is absolutely elastic.Perfect competitioninvolves the production of identical products by different firms.

At this time,the products differ only in technology of production, may have different shape,appearance, taste. For example, different stores sell the same ice cream, buttheir product may be different as a result of supplying the buyer with theproduct: a more interesting store, a better store location, a more affableseller. Manufacturing companies should know the market prices of goods, thequantity of products sold and sold by competitors. With perfect competition,firms have the opportunity to change the technology of production of goods, thenew firm can easily go out and enter the industry because there are notechnological, economic, legal constraints for this.

Perfect competition ispresent in stock markets, where supply and demand are balanced 2 «Perfect competition involves the production ofidentical products by different firms. At this time, the products differ onlyin technology of production, may have different shape, appearance, taste. Forexample, different stores sell the same ice cream, but their product may bedifferent as a result of supplying the buyer with the product: a moreinteresting store, a better store location, a more affable seller.Manufacturing companies should know the market prices of goods, the quantity ofproducts sold and sold by competitors.

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With perfect competition, firms have theopportunity to change the technology of production of goods, the new firm caneasily go out and enter the industry because there are no technological,economic, legal constraints for this. Perfect competition is present in stockmarkets, where supply and demand are balanced».