FACTOID # 53: If you thought Antarctica was inhospitable, think again - its land area is only ninety-eight percent ice. Reassuringly, the other 2% is categorised as "barren rock".
 
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Encyclopedia > Market transparency

In economics, a market is transparent if much is known by many about what products and/or services are available at what price and where. 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.


  Results from FactBites:
 
Market transparency - definition of Market transparency in Encyclopedia (110 words)
In economics, a market is transparent if much is known by many about what products and/or services are available at what price and where.
This is a special case of the topic at transparency (humanities).
Transparency is important since it is one of the theoretical conditions required for a free market to be efficient.
  More results at FactBites »


 

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