What is good information?

Good information is something that is appreciated for information that contains rather than the material that is created. A common example of information good is the book. The paper and adhesive that form the material part of the book is not what creates the price of the goods. The price is derived from the material written and drawn on the site. Unlike the material, the value of which comes from the material it is made and from the final shape it has. In most cases, books, magazines, music and films are based on information and the physical delivery method is not important. These conditions have been extended to software, documents and other computer materials because these items have become more common.

Although information about its content is appreciated for its content, it will usually have a physical component. Books are made of different papers, adhesive products of ile, such as a string or fabric, and the software is usually wrapped in a box of paper and plastic. While these physical components of goods are material, actual valuesAnd the goods are only slightly affected by its costs. If the video game package does not accept access to the real game, it is unlikely that consumers would place any value on the product.

Some information goods are more likely to exist as simple information. One of the first examples is paid television broadcasting; The consumer would pay for the service that he would be sent to him about his television. The actual shown programs were purchased information that used material - TV - to interact consumers. Online software is a more modern example. Users can buy software online and then download it to your computer, making it a good electronic.

While the rules governing material goods are very straightforward, those managed by information goods are not. Since good information can be perfectly copied without the destruction of the original,The ownership of the information will often be unclear. For example, if a person owns a piece of music and copies it to give his friends, it is illegal, unlike a material object that is generally freely distributed. In this case, the ownership of this music is in doubt. The consumer could buy music, but has only partial rights over it.