Perfect Competition may be defined as many small firms manufactures and supplies the same goods (or perfect substitute) to the end-user while Monopolistic Competition is type of market where there are a handful of sellers offer a particular product leading to minimal competition, however, variants and quality of products offered by each seller are slightly different.

Effective leadership is a vital component of organizational success, and it requires a particular set of personality traits. While many people can learn leadership skills, some individuals are naturally better suited to lead than others. Studies have shown that personality traits such as emotional intelligence, conscientiousness, openness to experience,...