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Economy-point.org



» Personal Loan No Credit Check, Online Economics » Topics begins with H » Homogeneity (economics)


Page modified: Tuesday, July 12, 2011 20:44:45

Homogeneity designates goods, to which consumers do not have material, spatial or personal preferences. That is, that they are ready to exchange products one to one. Homogeneous goods do not have to be identical.

The homogeneity of the goods is one of the acceptance of the model of the perfect competition.


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