Structure and properties of economic information

Structuring of information is connected with the necessity of its storage, processing or transfer. The structure of economic information determines its structure, the allocation of certain elements. These elements are called information units. They can be simple or complex. Simple elements do not lend themselves to further division. Of these formed a complex, shaped by different levels of the structural building information. Continue reading

Economic information and means of its formalized description

The most important characteristics of information are accuracy, reliability, completeness, relevance, efficiency.

The accuracy of information is determined by the permissible level of its distortion in relation to the task. The reliability of information is determined by its property to reflect the real objects with the necessary accuracy. The efficiency of information characterizes its relevance in a changing situation. Continue reading