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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Don Lloyd who wrote (102449)5/15/2001 6:56:13 PM
From: yard_man  Read Replies (2) of 436258
 
you can define things any way you want but to converse in economics you have to honor their definitions -- my son, who is six, keeps explaining to me why he thinks 70 ought to be classified as an odd number.. According to his classification scheme that's fine, but he can't converse intelligently about numbers until he understands and uses the accepted definition -- so it is with what defines a competitive market. A competitive market implies competitors engage in the market -- use of the term in economics implies more than you are using in your definition -- that is all.
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