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Answer the Following

question 17

Essay

Answer the following:
a)Discuss the importance of information in achieving economic efficiency.
b)How is information available in the real world?
c)What role does the market play in making relevant information available?


Definitions:

Probable Stage

A phase or condition where something is likely to occur or is expected based on current evidence or trends.

Education and Income

The correlation between the level of education attained by individuals and their potential to earn higher incomes.

Maintenance Stage

A phase in the change process where individuals consolidate the gains achieved and prevent relapse.

Retaining Job Status

The process or action of keeping one's current position or rank within the workplace.

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