information economy

The information economy is an economic system where knowledge, data, and communication are key drivers of growth and value. Instead of relying mainly on physical goods like manufacturing or agriculture, it emphasizes the creation, processing, and sharing of information through technology, such as computers, the internet, and digital services. This shift allows businesses and individuals to innovate more quickly, access global markets easily, and make data-driven decisions, fostering increased productivity and competitiveness. Essentially, in an information economy, information itself becomes one of the most valuable resources.