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Word Endings Such as -Ion,-Ing,and -Ment Often Change Verbs into Nouns

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Word endings such as -ion,-ing,and -ment often change verbs into nouns and are referred to as


Definitions:

Competitive Industry

An industry characterized by a large number of firms competing with each other to provide goods or services to consumers.

Market Demand

The total quantity of a product or service that consumers are willing and able to purchase at various prices during a specified time period.

Market Equilibrium

A state in a market where the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable price.

Competitive Industry

A sector of the marketplace characterized by numerous firms vying for market share, leading to benefits for consumers through innovation and lower prices.

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