Information vs Knowledge

The community chosen is the community of economists

Some sources they rely on include academic journals , the news (on print online , television , radio , and others , country reports , economic data and financial market analyses

One of the sources that could be taken as pure information is the economic data . Economic data sets of data that describe a single economy or the international economy . These data sets are gathered through quantitative information that are collected and computed statistically to give an accurate picture of the economy being studied . Economic data in their raw

form , is not analyzed , and even the analysis that accompany them are usually there to interpret the numbers to make them more understandable to the reader . This is information because it is the basis of knowledge that people create since they are considered facts from which knowledge can be gained . Economists use economic data to gather information about the that they are exploring and connect them with other data and past knowledge to form ideas , theories recommendations , etc . that would be helpful to their colleagues policymakers , businesses , economics students , and even the common person . While some economic data agree with one another , there are those that don 't , depending on which organization does the statistic . The differences could confuse the readers as much as those that agree help them in gaining more knowledge about the particular economy they are studying

Among these , the source that is actually knowledge is the academic journal . Academic journals are works by experts...