loculation. Definitions: 1. A loculate region in an organ or tissue, or a loculate structure formed between surfaces of organs, mucous or serous membranes, and so on. 2. The process that results in the formation of a loculus or loculi. The definition information for loculation is provided by Stedman's.
Competitive markets, sometimes referred to as perfectly competitive markets (or perfect competition), have three specific features. The first feature is that a competitive market consists of a large number of buyers and sellers that are small relative to the size of the overall market.
Only a few companies would have the highest market share, leaving little to no room for others to enter into the market. You see, competition is the struggle between businesses for the same set of consumers. For the most part, it is fair. Businesses use strategies to entice a consumer to try their products or services, hoping to gain a long-term customer.