The economic value of information determines the vitality of it. Networks such as the internet are the means they use to collaborate and access information. Information has economic value because it allows individuals to make choices that yield higher results or expected utility than they would obtain from choices made in the absence of information.
If we come to think of it in a general perspective, some 20-30 years ago, the economic value of information was less than it is at present. To access or attain information, an individual was required to go to a library and search for books or read it in a newspaper. In other words, the resources to information were limited and were not of superior quality. But with the advancement of technology, the economic value of information has increased and thus, information is easily accessible and its quality has heightened.
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