The collection of information and the construction of knowledge has become an inevitable part for the economic growth and development. Now we are living in an advanced world where information is becoming important for every human to upgrade as technical development. The present information age is running to face many more challenges to achieve these much-needed goals. That is rapid technological advancement, which also creates new opportunities for using information virtually in all human pursuits. The extensive development of informational technologies, the emergence of information networks, the increasing reliance of the contemporary society on collecting, processing and distribution of information for its economic health, a paradigm shift to information work as a predominant occupation have led to the conception of information as a primary source of income. This paper attempt to highlight how information product affects the economic development through different medium of collecting information.