Editing Information-transfer transaction (section)

==Transaction Costs==
{{Main|Transaction cost}}
Every time a transaction occurs, there are always costs to be considered. In the case of information-transfer transactions, one most consider the costs of time and means (money). Both of these costs are corollated with one another in that to decrease one, you must increase the other.  For example, say Person #1 sends a letter through the [[mail]], while Person #2 sends letters through [[email]]. For Person #1 to send their letter they had to buy paper, means of writing, envelopes, stamps, etc., while Person #2 needed to buy a source of electricity, internet, computer technology, etc. to send an email. It seems like Person #1 has lower transaction costs then Person #2 in terms of means; however, when you look at both information-transfer transactions in terms of time that is a different story. For Person #1 although they had little costs in sending their letter, the time it takes for the transfer of that letter is about 3+ days, while Person #2's transfer through email happens in less than minutes, but they endured high mean costs. Therefore, for information-transfer transaction times to decrease, the costs of means have to increase and vice versa.