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Market Failure Market imperfections
The Provision of Information
What is the provision of information?
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What is the provision of information?:
Provision of information ensures that
economic
units
can maximise
decisions
when
consuming
and producing
goods
and
services
What is the provision of information?
Provision of information ensures that
economic
units
can
maximise
decisions
when
consuming
and
producing
goods and
services
The government will provide information where the
private
sector fails to do so
Through the
provision of information
governments
seek to redress the
problems
caused by a
lack
of
information.
The greater the information available to consumers the more likely they are to buy
goods
and
services
with
confidence.