An information economy is a global economy based on combined data from products prices and customers throughout the world this combined information makes it possible for consumers to see and purchase products in the global marketin an information economy consumers have access to information about inventory and prices for products from multiple vendors. What is the information economy an information economy is where the productivity and competitiveness of units or agents in the economy be they firms regions or nations depend mainly on their capacity to generate process and apply efficiently knowledge based information it is also described as an economy where information is both the currency and the product. economics an economy in which knowledge information and services are more valuable than manufacturing the technological revolution associated with the computer and the information economy has accelerated the shift of industrialized countries from manufacturing based economies toward service based economies
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