Perfect competition is the simplest market structure, where the market is assumed to be in equilibrium and that all sellers sell the same product at the same price. The four conditions for perfect competition are:
1. There are many buyers and sellers in the market so that no one individual or seller can influence the price of the products, goods, and services.
2. Identical products are offered by the sellers
3. Both the buyers and the sellers are well-informed about the products and want to maximize profit.
4. Entry and exit to and from the market can be done freely by the sellers and buyers.
There is no market which displays 100% perfect competition. However, markets exhibiting nearly perfect competition do exist. These include street food vending and agricultural markets.
Answer:
Piaget's theory
Explanation:
Jean Piaget has developed the theory of cognitive development in which he has mentioned four different stages including the sensorimotor stage, preoperational stage, formal operational stage, and concrete operational stage.
Jean Piaget's theory is based on the ideology that a child can actively construct different knowledge as he or she manipulates and explores the world around him or her. His theory explains a framework for the understanding of the development of thinking and cognition process. He explained the process through which a child interacts with his or her environment by using senses.
The Mountains in Greece contributed to the rise of the city states because it gave them protection from attack on the low parts of Greece.---Will this work?
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