# Key concepts

> These are the key terms used to describe the dynamics of imperfect markets. A good definition is one precise sentence, not a list of examples. A market in which the market price is not a pure…

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## Full notes

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## More in Dynamics of imperfect markets

- [Monopolies](https://www.hlayiso.com/grade-12/economics/notes/dynamics-of-imperfect-markets/monopolies) — Next section
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## Frequently asked questions

### What will I learn in "Key concepts"?

This section covers Key concepts as part of Dynamics of imperfect markets in Grade 12 Economics. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum.

### Is this section aligned with the CAPS curriculum?

Yes. All notes on Hlayiso, including "Key concepts", are written against the official CAPS curriculum and ATP for Grade 12 Economics.

### What should I study after "Key concepts"?

Continue with the next section in Dynamics of imperfect markets, or test your understanding with the interactive quiz linked to this section.

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