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PC in Economics Meaning

The PC meaning in Economics terms is "Perfect Competition". There are 3 related meanings of the PC Economics abbreviation.

PC on Economics Full Forms

  1. Perfect Competition An abstract assumption, central to neoclassical economics, in which companies are so small that none can influence total output or price levels in an industry, none can distinguish its products from those of competing firms, and none can anticipate or interact with the actions of its competitors. Perfect competition has never existed in real life; it is a theoretical assumption developed solely in order to defend the internal logical integrity of neoclassical economic theories.
  2. Per Capita For each person in the population. Per head. An expression of something (for example car ownership, consumption, etc) in relation to the population of a particular city, nation, etc.
  3. Private Consumption

Frequently Asked Questions (FAQ)

  1. What does PC stand for Economics?

    PC stands for Per Capita in Economics terms.

  2. What is the shortened form of Private Consumption in Economics?

    The short form of "Private Consumption" is PC for Economics.

Citation

PC in Economics. Acronym24.com. (2022, April 22). Retrieved December 22, 2024 from https://acronym24.com/pc-meaning-in-economics/

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