Imperfect Competitors

What is ‘Imperfect Competition’ Imperfect competitors exists whenever a market, hypothetical or genuine, breaches the abstract tenets of neoclassical pure or perfect competitors. Because all real markets exist beyond the airplane of the ideal competitors model, each can be categorized as imperfect. The contemporary theory of imperfect versus best competition stems from the Cambridge tradition […]

What is an audit?

A lot of people might have heard from “audits” but do not exactly know what an audit is. It’s logical to have this problem when you have never worked with audits before. But now, what is an audit? An audit is a control investigation to determine the status of certain aspects of a business. This […]