Business Terms and Jargon Explained

What is Product Market Flexibility

The ability of product markets to act as an adjustment mechanism to economic shocks and long-term structural changes in the economy. Price flexibility is an example of product market flexibility.

Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2007-03-29 15:59:49

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