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The Economics of the Internet

Old economics explains the new economy well. When we buy something, we spend time and money searching for it, comparing it with other products, negotiating a price, and ensuring that we get what we paid for. This is what economists call 'transaction costs'. The internet reduces these costs, making it cheaper for people, businesses and governments to do business.

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Monir

- Apr 19, 2019
Internet increase profitability and created new jobs

Vedat Bobby

- Apr 3, 2019
The Economics of the Internet

Jafar

- Mar 24, 2019
sangat Hebat

Zia

- Dec 25, 2018
Internet save time, energy and resources.

Ki

- Jul 15, 2018
Great!

LUKANGA

- Jul 29, 2017
Educative

EBRAHIM

- Jul 10, 2017
Great

Jesús Manuel

- Mar 20, 2017
great, liked and shared!

Dr. Illakkuvan

- Sep 30, 2016
This is what economists call 'Transaction Costs'! Brilliant Explanation & Efforts !!

Dr. Illakkuvan

- Sep 30, 2016
"The internet reduces these costs, making it cheaper for people, businesses and governments to do business"Brilliant Objective &Efforts!!
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