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Information and Service economy

Emails carry news from one side of the world to the other in a matter of seconds; new ideas are distributed from a single computer across a global network; facts, figures, and advice are all readily available at the touch of a button."" (http://www.noie.gov.au/about/ie/ The information economy: what is it?' Paragraph 4).
             In this world, people encounter, not the lack of information which has discouraged past generations, but an over-riding availability of information - even an ubiquity of information. With augmented access to information comes an associated increase in the quality of information output - an increase in quality of the outcome, effect or result of information access. It is this increase in quality of outcome that the information economy seeks to maximise and capitalise on. .
             If information provides for better outcomes, then an information economy with its omnipresence of information can provide better outcomes at every level of economic, political and social development. This means that in a completely networked information economy, governments will make improved guiding principle verdicts and deliver better outcomes; businesses will provide better services to consumers and more dynamically compete; individuals and communities will absorb in better communication conduits and create better prospects for social, professional and educational activity. From this perception, an information economy ceases to be about computers, or technology or even information transmission. Instead, it becomes about quality and enhancing quality - about harnessing information to enhance quality in community, national, global, professional and personal life.
             Service Economy.
             Many business enterprises understands that customer satisfaction depends on helping the customer do business competently and efficiently. While the superficial value of products and services is important, it is no longer the only consideration given the accessibility of competitive offerings.


Essays Related to Information and Service economy

1. Cyber Attacks and the Global Economy

These losses can be loss of intellectual property, loss of sensitive data and information, interruption of services, the cost of implementing cyber security. ... Both sensitive and personal information can be retrieved, websites could be marred, services can be disrupted, instant messaging systems can be abused. ... Information systems are of paramount importance to all partakers of the global economies. ... Utilities and other public services which include hospitals, defense, and transportation would be equally affected too. ... The disruption of online and other services along with the theft...

  • Word Count: 2935
  • Approx Pages: 12
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2. Economic Growth Through Technology

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  • Word Count: 757
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3. Vietnam Economy

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  • Word Count: 2798
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4. New Economy

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  • Word Count: 523
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5. Ontario's Economy - Transition into the Information Sector

Multiple factors contribute to this decline, politics and economy included. ... The government must shift its focus to funding information-based services, as research is the key to better planning. ... With advances in technology, many institutions that once utilized paper now offer the same services online (Bone, 2009, 211). ... Conclusion Overall, the federal and provincial government must work together to fund the information sector. ... This will broaden the demand of Ontario's goods and services, therefore allowing higher amounts of exports out of the province and directly benefiting...

  • Word Count: 944
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  • Grade Level: Undergraduate

6. Australia's Economy

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  • Word Count: 1402
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7. America's New Economy

The United States was a service economy at the brink of the twenty first century. A service economy is everyone not directly involved in producing and processing physical products. ... Service job wages vary from minimum wage jobs at a McDonalds all the way up to working in an information industry. ... This is just the information that they gave to the general public. ... The United States was a service economy at the beginning of the twenty-first century....

  • Word Count: 627
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8. The 21st Century Information Technology Revolution

The term information revolution (sometimes called also the "informational revolution") describes current economic, social and technological trends beyond the Industrial Revolution. ... Daniel Bell (1980) challenged this theory and advocated post-industrial society, which would lead to a service economy rather than socialism. ... Government is not confined to its primary role of defense, internal security, justice, primary education, primary health, irrigation and roads, but it encompasses production, industries, services and businesses. It is commonly known that most of government's money...

  • Word Count: 1942
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9. internet and Productivity

Productivity measures the efficiency of work such as the output of goods and services per hour worked. ... The new e-economy has been driven by the high demand of improving technologies in the using industries. ... As a result, the manufacturing sector reduced potential customer-service costs and inventory management. ... B2B commerce could reduce average prices across the economy by almost 4%. ... Within a ten-year period, B2B will have increased levels of output by 5% in the rich economies. ...

  • Word Count: 881
  • Approx Pages: 4
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