Information good

Information goods are commodities that provide value to consumers as a result of the information it contains and refers to any good or service that can be digitalized.[1] Examples of information goods includes books, journals, computer software, music and videos.[2] Information goods can be copied, shared, resold or rented.[3] Information goods are durable and thus, will not be destroyed through consumption.[4] As information goods have distinct characteristics as they are experience goods, have returns to scale and are non-rivalrous, the laws of supply and demand that depend on the scarcity of products do not frequently apply to information goods. As a result, the buying and selling of information goods differs from ordinary goods.