In economics, dispersed knowledge, also known as partial knowledge, is information that is dispersed throughout the marketplace, and is not in the hands of any single agent.
Read more about Dispersed Knowledge: Overview, Economists, Example
Famous quotes containing the word knowledge:
“I ... observed the great beauty of American government to be, that the simple machines of representation, carried through all its parts, gives facility for a being moulded at will to fit with the knowledge of the age; that thus, although it should be imperfect in any or all of its parts, it bears within it a perfect principle the principle of improvement.
”
—Frances Wright (1795–1852)