We hear a lot about the role of information in the economy these days, but the focus is usually on its increasingly critical role in business, industry, and government. What about the role of information in the consumer sector of the economy? How big a part of the U.S. economy is it as an entertainment product?
Americans spend …
- four times as much on books as on tickets to movies or sporting events.
- more on books and periodicals combined than on children’s toys or adult “toys,” such as cameras, boats, and exercise equipment.
- twice as much on electronic information and the equipment it requires as on amusement parks, bowling alleys, bus tours, dance halls, golf courses, skating rinks, and swimming pools combined.
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