How application of information technology affects the economy of a country?

Answer:
Information technology affects a country's economy in diverse ways. However the most important part I see is capture, storage, availability and mobility of information.

This ensures that timely information gets to the organisation's management, thus facilitating effective decision making. It also ensures that information dissemination to the lower level staff is quick. All in all, action is quick and timely, resulting in better results.
First answer by Hemafixy. Last edit by Hemafixy. Contributor trust: 0 [recommend contributor recommended]. Question popularity: 1 [recommend question].