Considerations Regarding the Significance, Quality and Value of Economic Information

Constantin Baron and Narcisa Isaila ()
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Narcisa Isaila: "Dimitrie Cantemir" Christian University

Knowledge Horizons - Economics, 2013, vol. 5, issue 2, 43-47

Abstract: The 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.

Keywords: Information; data; knowledge; encoding; information cost (search for similar items in EconPapers)
JEL-codes: D83 L86 (search for similar items in EconPapers)
Date: 2013
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