Specific language impairment (SLI) is diagnosed when a child's language does not develop normally and the difficulties cannot be accounted for by generally slow development, physical abnormality of the speech apparatus, autism spectrum disorder, acquired brain damage or hearing loss.
Perfect competition. A perfectly competitive market is a hypothetical market where competition is at its greatest possible level. Neo-classical economists argued that perfect competition would produce the best possible outcomes for consumers, and society.
noncompetitive bid. Markets. purchasing US Treasury security at average competitive bid price a method of purchasing US Treasury securities through member banks of the Federal Reserve in which a buyer agrees to pay a price equal to the average of all competitive bids for that particular week's issue of securities. Back to top.