Information Economy
An Information Economy is an economy with a significant number of information-supported transactions.
- …
- Counter-Example(s):
- See: Digital Good, Digital Economy, Knowledge Economy, Virtual Economy.
References
2013
- http://en.wikipedia.org/wiki/Information_economy
- Information economy is an economy with an increased emphasis on informational activities and information industry.
Manuel Castells states that information economy is not mutually exclusive with manufacturing economy.[citation needed] He finds that some countries such as Germany and Japan exhibit the informatization of manufacturing processes. In a typical conceptualization, however, information economy is considered a "stage" or "phase" of an economy, coming after stages of hunting, agriculture, and manufacturing. This conceptualization can be widely observed regarding information society, a closely related but wider concept.
There are numerous characterizations of the transformations some economies have undergone. Service economy, high-tech economy, late-capitalism, post-fordism, and global economy are among the most frequently used terms, having some overlaps and contradictions among themselves. Closer terms to information economy would include knowledge economy and post-industrial economy.
- Information economy is an economy with an increased emphasis on informational activities and information industry.