Becouse not everyone can afford due to increase of prices every now and then
Producers are driven by the profit motive to work against competition
competition
It was to avoid competition in the cotton market
government and people created market economy . Because government decide the market price . But sometimes people make their own market prices to get more money.
Ultimately, the government is trying to protect the consumer. Predatory pricing is used to drive a competitor out of a market, or keep a potential competitor from entering a market. If successful, the entity employing predatory pricing tactics can maintain a monopoly (or near monopoly) in a market and use the lack of competition to set prices anywhere it wants. The consumer, having no choice in a marketplace, is forced to pay whatever the entity chooses to charge.
role of market and government in economy
Perfect Competition
The market concentration ratio for perfect competition is Low (Less than 40%).
Perfect Competition
Somalia
yes indian stock market perfect competition in market
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
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Perfect Competition
Even a free market economy needs government intervention to provide for things that the marketplace does not address.
monopoly,perfect competition,monopolistic competition,
it is a state in which market demand = market supply