Networked information economy

Hello there! Do you know what a network is? A network is like a group of friends who all know each other and share things with each other. In the same way, a networked information economy is a way of sharing information and resources with lots of people at the same time, using the internet.

Let's say you like playing games on your tablet or computer. With a networked information economy, you can download games from the internet without having to go to a store or buy a CD. You can also play these games online with friends who are in another city or even another country! This is possible because the games are saved on lots of servers (big computer machines) that can be accessed by anyone with an internet connection.

Another way a networked information economy works is through sharing information. Have you ever used Google to find information for a school project? Google is a search engine that helps you find all sorts of information on the internet. A search engine is like a big library with lots of books, only instead of books, it has websites.

People also use the networked information economy to do work. If your parents work from home, they might use software like Zoom or Skype to have meetings with their coworkers who live in other parts of the world. They can also share files and documents with each other using online tools, instead of having to print everything out on paper.

So, a networked information economy is all about sharing information and resources using the internet. It helps people communicate, work and play together even if they are far away from each other!