Considerations Regarding the Significance, Quality and Value of Economic Information
AbstractThe information and communication led to the formation of human society, which explains the strong relationship between society and information. From the applied informatics point of view, the ratio between data and information, as first level, offers the possibility of obtaining knowledge from information derived on the basis of reasoning. Consequently the information allow the creation of new knowledge, which explains the transition to the knowledge society starting to the information society, the dependence between them being quite clear. From economic point of view, the information value has a particular importance and the cost depends by its value.
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Bibliographic InfoArticle provided by Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest in its journal Knowledge Horizons - Economics.
Volume (Year): 5 (2013)
Issue (Month): 2 (June)
Information; data; knowledge; encoding; information cost;
Find related papers by JEL classification:
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
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