juan carlos f: How Internet affectecs the economy in good and bad ways?
Hello I have to make a presentation for my oral comunication on wednesday and I am planning on doing about How Internet affects to the global economy in good and bad way, so I want to explain with some poimts for example one positive way it can be companies spend less money in marketing publishing on Internet or I am not sure but I think Internet business do not pay taxes and affects the economy (US) Ok thank you for helping
Answers and Views:
Answer by SDD
Economically speaking, there aren’t any bad ways. The Internet removes transaction costs and broadens markets, making them more efficient.
By opening up different users to the market place it enables better deals to be struck between buyers and sellers.
So lets say you have a million Widgets to sell if you are the person doing the best deal, even someone in another country will be able to buy. Whereas previously you would have had to send a representative out to another country, now you can do it over the net.
The down side is that people not connected are out of the loop and cannot sell in this market place, so Telephone connection is essential, fine in Industrial Countries bad News for those in poorer countries.
Buyers can shop around easily to find the best deal.
Answer by Jack Smithyou will fine the answer @https://www.searchey.bizAnswer by ?
The good way is it helps people earn income and the bad way it might take local jobsAnswer by bubba
I’m sorry I’m gonna have to school all you other responders.
The internet is decidedly a ‘bad’ thing.
The Internet enables the outsourcing of knowledge workers.
The value of music has dramatically fallen. I used to pay nearly $ 20 for a CD with about 10 songs or about $ 2 per song.
Movies and TV shows cost less to watch.
Newspaper and magazines are available online for free.
Graphics and design work. There are plenty of sites where you can post a project and have designers and artists compete for the work.
This drives down the income of designers and artists. Their work is devalued.
The cost of distribution is a lot less in many industries thanks to better management of inventories and improvements in the management of supply chains.
Lower prices for products and services.
We don’t have to buy much software anymore because there are free or nearly free applications available online.
The open source software movement has created tremendous amounts of value by devaluing software that you used to have to pay a lot of money for.
Journalism jobs are fewer and pay less because there is more competition, there are more people willing to do the work for less money.
My colleagues in video production are not able to get the rates they once could, and you see this again, and again.
The amount of work that needs to be done hasn’t changed, it has gone up, but the rates have gone down.
There is devaluation in public relations. Fewer people can do the work of more people.
Smaller teams can do the work of larger teams thanks to Internet technologies.
Magazines staffed by just one or just a few people can pull in the readership of what used to be a 30 plus person magazine editing and production team.
Telephone communications are dramatically less expensive today thanks to services such as Skype and other VOIP based products
Advertising is dramatically less expensive today. You have to pay about ten to 20 times more for a print advert in a newspaper compared to a newspaper’s online advert.
Take a look at the classified ads business. The Pew Center reports that in 2000 this was a $ 19.6 billion a year business. In 2008 it had fallen to $ 9.9 billion because of online classified ads — mostly Craigslist.
Craigslist has managed to pull the majority of nearly $ 10 billion out the classified ads industry in a single year using an operation staffed by just 30 people. There are estimates that Craigslist could take in $ 100 million this year.
That’s what the Internet provides — the means to dramatically devalue an existing industry.
The economic crisis was caused by the use of Internet based technologies, which enabled loans to be made more quickly, which enabled the transfer of risk to third-parties thousands of miles away, and which enabled massive amounts of speculation in a diversity of markets from oil to real-estate. The whole process was made more efficient through the use of IDBTs.
Some of you may be thinking, well great! Things cost less!
Well, see, that’s only temporary, and only temporarily good for you.
What it means is vast unemployment, lower salaries, and America is a business,
and the internet is bad, bad, bad for business. free = bad.
The reason our economy is in the shape it is? Look no further.
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