Examlex
The three sources of variation in a population that natural selection can work on are:
Imperfect Competitor
An imperfect competitor is a market participant that does not meet the conditions of perfect competition, often having some control over the price of its products due to a lack of numerous competitors or product differentiation.
Perfect Competitor
A theoretical firm in a perfectly competitive market that cannot influence the market price and accepts the price as given.
Output
Denotes the total quantity of goods or services produced by a company, industry, or economy within a specific period.
Resource
An asset or material that can be used to produce goods or services and provide economic benefit.
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