Homogeneous: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Add definition. Source: Linked pages) |
||
| (2 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
1. ''Adjective.'' | |||
Without any important differentiating characteristics. | |||
2. ''Products.'' | |||
A homogeneous product has no distinguishing features, meaning that a consumer's preference is driven purely by price. | A homogeneous product has no distinguishing features, meaning that a consumer's preference is driven purely by price. | ||
Sometimes spelled ''homogenous.'' | |||
== See also == | == See also == | ||
* [[Commodity]] | |||
* [[Heterogeneous]] | |||
* [[Oligopoly]] | * [[Oligopoly]] | ||
* [[Perfect competition]] | * [[Perfect competition]] | ||
[[Category:The_business_context]] | |||
Latest revision as of 09:46, 10 July 2022
1. Adjective.
Without any important differentiating characteristics.
2. Products.
A homogeneous product has no distinguishing features, meaning that a consumer's preference is driven purely by price.
Sometimes spelled homogenous.
