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.
The Features of Competitive Markets. The third and final feature of competitive markets is that firms can freely enter and exit the market. In competitive markets, there are no barriers to entry, either natural or artificial, that would prevent a company from doing business in the market if it decided that it wanted to.