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By improving communication and allowing greater trade and specialization

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โˆ™ 15y ago
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khiisavv

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โˆ™ 2y ago
costs and benefits are subjective. APEX
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โˆ™ 6mo ago

The internet has benefited the economy by enabling easier access to markets and customers, reducing operating costs for businesses through automation and digital processes, and creating new opportunities for entrepreneurship and innovation. It has also facilitated global trade and improved efficiency in various industries.

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โˆ™ 15y ago

The Internet radically reduces the cost of creating, sending, and storing information while making that information more widely available. The Internet reduces search costs, allowing customers to locate products, suppliers, prices, and delivery terms. The Internet enables companies to collect and analyze more detailed and accurate information about their customers, allowing these companies to better target market their products and services. The Internet shrinks information asymmetry and has transformed the richness and reach of information. It can help companies create and capture profits in new ways by adding extra value to existing products and services. It also provides the foundation for new products and services.

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Q: How has the Internet benefited the economy?
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