Information as a resource

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Information as a resource MD AZIZUR RAHMAN EMAIL- [email protected]

Transcript of Information as a resource

Page 1: Information as a resource

Information as a resource

MD AZIZUR [email protected]

Page 2: Information as a resource

Characteristic of Information

• Expandable• Compressible• Substitutable• Transportable• Diffusive and • Shareable

Page 3: Information as a resource

Information Economics

• economics of information is different in several ways from the economics of classic goods and services

Page 4: Information as a resource

Properties of Information

• has large fixed costs of producing the first unit and relatively lower marginal costs for producing additional units

• value of information depends on when it is sold• when sold is still retained by the seller• information can be enjoyed by more than one

consumer• without a decrease in the amount produced

Page 5: Information as a resource

Information as a Public Good

• Exclusionary• Non-exclusionary


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