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.
A true global market is an integrated market for global trade where buyers and sellers 'meet' from all over the globe to trade with little barriers to trading. Of course, a pure global market doesn't exist yet, but globalization is bringing it closer to a reality.