competitive market

noun

A market in which no single firm can influence the price of a good or service due to the competitive nature of other firms in the market.

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Meanings

nouncompetitive market (plural competitive markets)

plural competitive markets

  1. economicsA market in which no single firm can influence the price of a good or service due to the competitive nature of other firms in the market.
Cite this entry
APA

competitive market. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/competitive%20market

MLA

“competitive market.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/competitive%20market. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “competitive market,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/competitive%20market.

Source: competitive market on Wiktionary, CC BY-SA 4.0.