Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “imperfect competition”

imperfect competition

noun [U]     ECONOMICS
the situation in which there is little or no competition in a market, for example, because there is only one company selling a product and it can control its price and supply → Compare perfect competition
(Definition of imperfect competition noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of imperfect competition

Word of the Day

beneficiary

a person or group who receives money, advantages, etc. as a result of something else

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More