Concept information
Preferred term
assurance and trust
Definition
- Many transactions involve promises of quality and safety that cannot be fully verified before the fact. In these situations, one party decides whether to trust the other to deliver what is promised. [Source: The Encyclopedia of Libertarianism; Assurance and Trust]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/assurance_and_trust
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