- homogenous goods
- Uniform in structure; composed of the same elements. Substances, such as seeds of grass, which are indistinguishable when intermingled. The antithesis of heterogenous goods.
Ballentine's law dictionary. Anderson, W.S.. 1998.
homogenous goods
Look at other dictionaries:
Edgeworth Price Cycle — In markets with homogenous goods, a sequence of rapid, incremental price cutting among competitors that lowers the retail price until it reaches the cost of the good. Eventually, competitors reset prices to their previous levels (allowing a… … Investment dictionary
Denmark — /den mahrk/, n. a kingdom in N Europe, on the Jutland peninsula and adjacent islands. 5,268,775; 16,576 sq. mi. (42,930 sq. km). Cap.: Copenhagen. * * * Denmark Introduction Denmark Background: Once the seat of Viking raiders and later a major… … Universalium
Perfect competition — Economics … Wikipedia
Free trade debate — Free trade is one of the most debated topics in economics of the 20th and 21st century Fact|date=December 2007. Arguments over free trade can be divided into economic, moral, and socio political arguments. The academic debate among economists is… … Wikipedia
Iraq — /i rak , i rahk /, n. a republic in SW Asia, N of Saudi Arabia and W of Iran, centering in the Tigris Euphrates basin of Mesopotamia. 22,219,289; 172,000 sq. mi. (445,480 sq. km). Cap.: Baghdad. Also, Irak. * * * Iraq Introduction Iraq Background … Universalium
Multiculturalism — is the appreciation, acceptance or promotion of multiple cultures, applied to the demographic make up of a specific place, usually at the organizational level, e.g. schools, businesses, neighborhoods, cities, or nations. In a political context… … Wikipedia
Labor theory of value — The labor theories of value (LTV) are theories in economics according to which the values of commodities are related to the labor needed to produce them.There are many different accounts of labor value, with the common element that the value of… … Wikipedia
NEW YORK CITY — NEW YORK CITY, foremost city of the Western Hemisphere and largest urban Jewish community in history; pop. 7,771,730 (1970), est. Jewish pop. 1,836,000 (1968); metropolitan area 11,448,480 (1970), metropolitan area Jewish (1968), 2,381,000… … Encyclopedia of Judaism
HISTORICAL SURVEY: THE STATE AND ITS ANTECEDENTS (1880–2006) — Introduction It took the new Jewish nation about 70 years to emerge as the State of Israel. The immediate stimulus that initiated the modern return to Zion was the disappointment, in the last quarter of the 19th century, of the expectation that… … Encyclopedia of Judaism
Marginal utility — In economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service. Economists sometimes speak of a law of diminishing marginal utility, meaning that… … Wikipedia
