Question

what is the in economics a differenc in acesss to relevant knowledge is called​

Answer 1

Answer:

economics, a difference in access to relevant knowledge is called a behavioural asymmetry.

Answer 2

It is called Information asymmetry

• It refers to the situation where a specific side involved in a transaction has more knowledge than the other side.
• As a result, sellers might reap the benefits of buyers in some transactions where the vendor knows more about the product being sold than the potential buyer.
• Thus,  it is also referred to as a discrepancy in access to relevant knowledge.