What is an information economy?

Information economy is a global economy based on combined data from products, prices and customers around the world. This combined information enables consumers to see and buy products on the global market. In the information economy, consumers have access to information about the inventory and prices of products from multiple suppliers.

In the last few decades, technological progress has allowed a rapid exchange of information to affect the price of energy, food and raw materials. This information has become so valuable that global markets fluctuate about any uncertainty around the world. Some examples include natural disasters and political disorders in foreign countries.

The use of the Internet allowed consumers to immediately compare prices. Consumers can quickly determine the best product value by fast price search and customer reviews on a particular product. As a result, the economy is a multi -second link from customers in real time because it is available for control of the general public. These onlIne reservation systems provide prices for hotels, air tariffs and car rentals. This information makes it easier for consumers to select the best product based on specific needs and price.

The information economy also made it possible to compete in the global economy. This introduced new markets for the sale of food, goods and services around the world. The new economy has created opportunities for poor nations for selling goods in the world using computer markets on the Internet.

The new economy has also created real -time suppliers with the chains of retail stores. Today, when the item is sold in a supermarket, it is automatic inspected against the inventory system to determine whether new items should be sent to the store. This allows you to send products based on the supply and demand process before the information economy.

with social network and immediate internetCommunication has become a natural part of our everyday life. Information about weather, civic disorders and political relations are now managed by consumer decisions. This is because information in real time is a catalyst for speculation about the effects of changes in the national economy.