Economics GCSE
Imperfect Information
What Imperfect Information means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Imperfect Information
A situation where economic agents do not have all the necessary facts to make a perfectly rational decision.
Topics that use Imperfect Information
- Economic assumptions (Pearson Edexcel GCSE)
Related terms
Using Imperfect 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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