Abstract

The economic distortion represents the monetary unit involved in measurement deviations in trade. The greater are the deviations of measuring instruments used in the market, the greater are the money under uncertainty in the economy. That market asymmetry can be reduced by legal metrology processes, decreasing losses to both seller and buyers, ensuring trust. The Brazilian National Metrology Institute, Inmetro, in 2021, introduced the economic distortion as one of the indicator to evaluate the performance of legal metrology services. The preliminary results were obtained for the fuel market, showing that the economic distortion in 2019 and 2020, represented R$ 87.3 million for the final demand.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.