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In economics, a market is transparent if much is known by many about what products, services or capital assets are available, what price and where is the location.
There are about two types of price transparency: (1) I know what price will be charged to me, and 2) I know what price will be charged to you.
The two types of price transparency have different implications for differential pricing. This is a special case of the topic at transparency (humanities) .
A high degree of market transparency can result in disintermediation due to the buyer's increased knowledge of supply pricing.
Transparency is important since it is one of the theoretical conditions required for a free market to be efficient.
What else can I help you with?
What does the economic term GDP term mean?
Gross Domestic Product
Explain the role of accounting in economic development of a country?
It help improve the transparency, comparability and accountability of financial reporting.
How does increasing transparency help the US economy?
Increasing transparency in the US economy fosters trust among consumers, investors, and businesses, which can lead to higher levels of investment and spending. It reduces information asymmetry, allowing for better decision-making and more efficient market operations. Moreover, transparency can help prevent fraud and corruption, promoting a fairer competitive landscape that ultimately supports sustainable economic growth. Overall, enhanced transparency contributes to a more resilient and robust economic environment.
What does the term perestroika mean?
Perestroika, a Russian term meaning "restructuring," refers to the political and economic reforms initiated by Mikhail Gorbachev in the mid-1980s to revitalize the Soviet Union. These reforms aimed to decentralize the economy, increase transparency in governance, and promote greater openness (glasnost) in society. Perestroika sought to address systemic issues within the Soviet system but ultimately contributed to significant political changes and the dissolution of the Soviet Union in 1991.
What is mean by term socio-economic issues explain by referring to three example of such issues?
The socio-economic issues are the problems that socioeconomics tackles and the factors that have negative influence on the individuals' economic activity. Such issues are lack of education, crime
What does the economic term GDP term mean?
Gross Domestic Product
What does the science term of 'degree of transparency to light' mean?
It means how much light gets through, as opposed to being absorbed.
What does a down term in US economy mean?
Recession of the economy, or falling part of one economic circle.
Explain the role of accounting in economic development of a country?
It help improve the transparency, comparability and accountability of financial reporting.
Which term is used to indicate how much light can pass through an object?
The term used to indicate how much light can pass through an object is transparency. Transparency refers to the property of allowing light to pass through without being scattered.
What does hazy mean in urinalysis transparency?
"Hazy" in urinalysis transparency usually means epithelial cells are present, but it also may be a sign of bacteria.
What does transparency mean when printing a document?
Hard to explain try this link out.
What is mean by term socio-economic issues explain by referring to three example of such issues?
The socio-economic issues are the problems that socioeconomics tackles and the factors that have negative influence on the individuals' economic activity. Such issues are lack of education, crime
If choosing something means you give up something else what is the economic term for this?
The economic term for the cost of a choice is the opportunity cost.
What economic term for what you lose when using resources for something else?
The economic term for what you lose when using resources for something else is known as opportunity cost.
Which term best describes an economic slowdown?
An economic slowdown is called a recession.
Provide a diffinition of the term economic?
provide a definition of the term economics
