Information and Market Decisions
Information and Market Decisions
The rational model assumes that consumers, workers and firms have full, accurate information when making choices. In real markets, information may be incomplete, inaccurate, costly to obtain or difficult to understand.
Step-by-step lessons on AQA A Level Economics 1.2.2 Imperfect information. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.