Economics A-Level
Asymmetric Information
What Asymmetric Information means in Economics A-Level, as defined for Pearson Edexcel.
Definition of Asymmetric Information
A situation where one party in a transaction has more or superior information compared to another, leading to adverse selection.
Topics that use Asymmetric Information
- Government intervention (Pearson Edexcel A-Level)
Related terms
Using Asymmetric Information in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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