The digital economy's patterns and trends

JessicaJessee 19 2023-03-21 Hot Topic

The digital economy's patterns and trends

The digital economy is a transformation of traditional economics, and it is reflected in the fact that digital has become a fundamental element and resource. The analysis and discussion of the digital economy are frequently based on traditional economics' resource optimization and factor analysis, but it is difficult to truly grasp miner s19 prothe core of the digital economy. This paper will present a new perspective to demonstrate that, on the one hand, the digital economy has outgrown the scope of traditional economics research, and, on the other hand, the core model of the digital economy is actually the knowledge economy.

The digital economy's model is the infinite resource model.

The standard definition of economics is "economics is the study of how a society uses scarce resources to produce valuable goods and distribute them among different individuals." The central concept of economics is material scarcity and resource efficiency. Economic theory has evolved into various paradigms and schools, such as classical economics, evolutionary economics, and so on. Economic theory has evolved along with its assumptions (e.g., the rational man assumption) and intertwined with other disciplines to form many new branches of economics, such as behavioral economics, physical economics, and neuroeconomics.

In general, these schools and developments have not changed the core idea of economics, which is "resource scarcity". It essentially determines the resource assumptions in human society's development, and research paradigms, models, and methods ultimately serve this most important assumption. This assumption is reasonable in the process of human social development, and the limitation of limited resources has formed the source of human social evolution, as well as promoted the evolution of human beings themselves.

However, the resource hypothesis has limitations in that it may not exist when the resource structure and composition of resources ingtx 1080 ti mining economic development change. This situation gradually emerges in the socioeconomic form driven by information technology and the Internet, and it presents its unique characteristics in many places, which can be summarized as three.

First, digital becomes an important economic resource.

Second, data is becoming a critical resource in the economy.

Third, data become an expression of economic resources.

There are many results of studying economic problems or social phenomena in which "data becomes a resource" in the current framework of economics, but the essence is not to change the basic assumption of economics research "limited resources," but to change the basic assumption of "limited resources" to "limited resources". It does not, however, change the fundamental assumption of economics research, "limited resources," but rather applies the experience, paradigms, and methods developed under the basic assumption of "limited resources" to the new scenario of "data as a resource," agreeing that data as a resource is not fundamentally different from other resources. However, data as a resource is "qualitatively" different from other resources, and this distinction alters the basic economic assumption that data is an exponentially growing resource (with a floor greater than 1), and that exponentially growing resources are nearly infinite, i.e., any given value can be surpassed in logarithmic time.

This exponentially growing resource is nearly infinite, and traditional economics has not accumulated enough experience with infinite resources, which is the primary reason for some deviations in the current digital economy'sgtx 1080 mining development. This means that the digital economy model is very different from the traditional economic model, and this difference is reflected not only in the fact that data has become the basic resource, but also in the special nature of this resource of data, i.e., infinite, i.e., the model of infinite resources.

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