Information good in economics and law is a type commodity whose main market value is derived from the information it contains. It may also include services (information services). The typical examples of information goods include a CD containing pieces of music, a DVD containing a movie, a computer file which is a piece of program, a book containing short stories, and so on.
In information goods, the valuable part is a pattern in which the material is arranged - the arrangement of ink on paper, paint on canvas, magnetic elements on a tape, a series of dents (pits) on a compact disc, etc. Those patterns might be either directly consumed by humans (through reading, viewing, etc.) or may be used to operate other devices such as a cassette player or a computer. The working of device, in turn, may produce some consumable pattern of information (such as visual, sound, or text), another pattern for the use of other devices, or both.
Source
No comments:
Post a Comment