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We all directly or indirectly involved in the variety of processes of the new, on-line, knowledge-based economy. Kehal and Singh (2005, p.3) also state that the essential elements of digital economy is digitalization and intensive use of information and communication technologies (ICT); codification of knowledge; transformation of information into commodities and new ways of organizing work and production (Kehal and Singh, 2005, pp3). This implies that more and more products and services are available online. Is the increasing number of commodities available and information accessible online take us to a theoretic market in a perfect competition environment?
Some commentators argue that the Information technology will lead to the Perfect Competition in the new digital age...
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Common topics in this essay:
- “When International Buyers and Sellers Disagree”
- Can perfect competition achieved by Electronic Commerce?
- Mba501-Week2-Products, Services, And Prices – Free Market Economy
- Perfect Competition Market model
- Products, Services And Prices In The Free Market Economy
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- Who Determines The Prices Of Goods In Market? Government Or Free Forces Of Market
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- PRODUCTS, SERVICES, AND PRICES IN THE FREE MARKET ECONOMY
- Products, Services, And Prices In The Free Market Economy
- products,services, and prices in the free market economy
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