Information economy

Definition of Information economy

Information economy is an economical concept in which information is considered as the prior sources of value and the major crucial element. The term information economy defines the growing reliance of firms on the internet. In information economy knowledge, information and services are more valued than manufacturing.

Books on Information economy

Book 1 –

Managing in the Information Economy: Current Research Issues By Uday Apte, Uday Karmarkar (published by Springer Science & Business Media, 2007)

Book 2 –

Consumer Protection in the Age of the 'Information Economy' Edited by Jane K. Winn (published by Ashgate Publishing, Ltd., 2013)

How Information economy works?

For example, online Internet reservation system can be an ideal example of an information economy. On this online booking system you can find prices of hotels, air fares and car rentals, which makes easier for the consumers to settles on the best and suitable product accordance to their needs and affordability.

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