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information economy

information economy in Culture

information economy definition


A term describing the growing reliance of firms on the Internet in the 1990s. Some have argued that firms' speedier and wider access to information has led to significant gains in productivity.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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