Abstract
This paper seeks to explain the views by the various literatures about the value of information. Information as seen exhibits some characteristics which include expandable, compressible, substitutable, transportable and diffusible and as such this paper will explain the characteristics of information. Information in the economy is considered a distinctive good and its unique features can be seen in the basic consideration of costs. The paper will explain the explain information as an economic good and the paradoxes that are brought about by the analysis of the economy. Also information services are regarded as a public good as most of its qualities ...