What is the provision of information?

Cards (5)

  • 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.