Examlex
Just like in IM and micro-blogging,it is always appropriate to use abbreviations like IMHO and LOL in effective business emails no matter who your audience is because it saves space and makes the email shorter.
Perfect Competition
A market structure characterized by a complete absence of rivalry among the producers, with many buyers and sellers, where all entities sell an identical product.
Perfect Knowledge
A hypothetical situation in economics where all consumers and producers have complete and instantaneous knowledge of all market prices, conditions, and trends.
Perfect Mobility
A theoretical condition where factors of production, such as labor and capital, can be freely moved from one use to another without costs or barriers.
Marginal Revenue
The revenue increment achieved by selling an extra unit of a product or service.
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