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Essay text:
Frictionless commerce would
be the norm, but plenty of friction still exists.
The Internet was also claimed to require a whole new economics with all new
laws. While this, too, was very far from the truth?existing theories have mostly
done quite well?the Internet has had a substantial effect on economic thought. In
this paper, we discuss some ways in which the Internet has affected how economists
think about markets.
That the Internet has affected economic thought is perhaps surprising. Some
economic events, like the Industrial Revolution and the inflation of the mid-1970s
and early 1980s, have had a major impact on the way economics is done...
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Common topics in this essay:
- Impact Of The Internet On Globalization
- Market lessons from the internet
- Internet impact on society
- The Internet Impact
- The Internet Market In Kuwait
- THE IMPACT OF THE INTERNET IN OUR DAILY LIVes
- Internet Social Impact
- Impact of internet Technology to Education
- Impact of the Internet on Our Country
- Impact of the Internet
- Impact of the internet
- Internet Impact on IT Security
- Internet Impact on Society
- The Impact Of The Internet On Communication
- The Impact of the Internet on Globalization
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