Meaning homogeneous product
What does homogeneous product mean? Here you find 3 meanings of the word homogeneous product. You can also add a definition of homogeneous product yourself
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homogeneous productGoods that are either physically identical or at least viewed as identical by buyers. In particular, the producer of a product can not be identified from the product itself. This is a key assumption u [..]
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homogeneous productThe product of an industry in which the outputs of different firms and/or countries are indistinguishable. Contrasts with differentiated product.
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homogeneous productGoods that are either physically identical or at least viewed as identical by buyers. In particular, the producer of a product can not be identified from the product itself. This is a key assumption u [..]
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| << horizontal addition | homogeneous of degree n >> |
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