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On the one hand, it is considered an economic resource, somewhat on par with other resources such as labour, material, and capital.This view stems from evidence that the possession, manipulation, and use of information can increase the cost-effectiveness of many physical and cognitive processes.

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An abstract model of an information system features four basic elements: processor, memory, receptor, and effector ().

The processor has several functions: (1) to carry out elementary information processes on symbolic expressions, (2) to store temporarily in the processor’s short-term memory the input and output expressions on which these processes operate and that they generate, (3) to schedule execution of these processes, and (4) to change this sequence of operations in accordance with the contents of the short-term memory.

The effector, are input and output mechanisms whose functions are, respectively, to receive symbolic expressions or stimuli from the external environment for manipulation by the processor and to emit the processed structures back to the environment.

The power of this abstract model of an information-processing system is provided by the ability of its component processors to carry out a small number of elementary information processes: reading; comparing; creating, modifying, and naming; copying; storing; and writing.

Use of the term is not restricted exclusively to its communication via natural language.

Information is also registered and communicated through art and by facial expressions and gestures or by such other physical responses as shivering.

The second perception of information is that it is an economic commodity, which helps to stimulate the worldwide growth of a new segment of national economies—the information service sector. information service sector had grown to about billion.

Taking advantage of the properties of information and building on the perception of its individual and societal utility and value, this sector provides a broad range of information products and services. This was equivalent to about one-seventh of the country’s computer market, which, in turn, represented roughly 40 percent of the global market in computers in that year.

Almost all other industries—manufacturing and service—are increasingly concerned with information and its handling.

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