Question

why is the internet indispensable for the world and its economy?

Answer 1

Internet has become the important component in today’s modern world. Internet has become very useful aspects in the day to day activities of the individuals. Individuals use internet to gain important information about the world. It provides information and data regarding the social life, economic life, and political life of the world. Now days, internet has also been used to gain education and learning. Various businesses are also conducted through the online market using the internet. Overall, internet provides thousand of advantages to the world.

Internet also has provided various positive impacts on the economy of the world. It has made the economy more productive. It provides various innovative techniques to reduce the cost involve in the production process. The transaction cost has also been reduced by using internet. Internet also provides various banking service that are easy to access and time saving. Many business activities are also undertaken by the use of internet. The marketing and pricing strategies of the business have also become more effective. The consumers in the economy are also benefited by the use of internet. Therefore, the economy of the world is becoming more productive day by day through the use of internet.