Theoretical and practical aspects of economic information transparency

Abstract

Information and knowledge and ways of transferring them are some of the most valuable and rudimentary components of today’s world. The article aims at presenting the idea of economic information and possibility of verifying it as regards its transparency. Information is used as a basis for determining the scope of business activity of a given entity and its organizational units (depart-ments or divisions). Additionally, it is a basis for decision making both operational (current) and strategic, expanding to the future and aimed at improving management and reducing risk. For this reason, economic information offices play an important role in the flow of information. They help verifying the status of consumers and companies as regards their creditworthiness and effective cooperation.

Keywords

• information
• economics of information
• Economic Information Offices