It describes a market with plenty of buyers and firms, identical products, price takers towards firms and consumers, and no set of barriers for new firms. The prices are established through the communication of the market's supply and demand.
a dynamic character that experiences a sudden change in fortune and is compelled to develop
Using ‘SMILE’ helps
Structure
Meaning
Imagery
Language
Effect
When i do this, i read the text and think about the theme of the piece. then i explore the meaning of the theme.
then i get my question on the piece and highlight the most importent words in the question. hope this helped you!