Concept information
Preferred term
market efficiency
Definition
- MARKET EFFICIENCY IS ONE of the most problematic concepts in all of economics. In the model of general equilibrium, markets operate efficiently if all the assumptions of so-called perfect competition are fulfilled. [Source: Encyclopedia of World Poverty; Market Efficiency]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/market_efficiency
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