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Class 11Home ScienceWork, Livelihood and CareerTraditional occupations in India - AgricultureExpertLevel 8

What is the correct meaning of information asymmetry in agriculture?

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Answer and explanation

Correct answer: When the buyer or trader has more market information than the farmer

Information asymmetry can weaken the farmer's bargaining power. Exam tip: connect it with market inequality.

Tags

home-scienceinformation-asymmetrymarket-inequalitybargaining

Frequently asked questions

What is the correct answer to this question?

When the buyer or trader has more market information than the farmer

Why is this the correct answer?

Information asymmetry can weaken the farmer's bargaining power. Exam tip: connect it with market inequality.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Agriculture.

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