Economic Issues Economic Perspectives on the Internet

By Cohen, Louis R.

Book Id: WPLBN0000079427
Format Type: PDF eBook:
File Size: 0.6 MB
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Title:	Economic Issues Economic Perspectives on the Internet
Author:	Cohen, Louis R.
Volume:
Language:	English
Subject:	Trade, Import and export controls, Federal Trade Commission (U.S.)
Collections:	Economics Publications Collection, Federal Trade Commission
Historic Publication Date:
Publisher:	Government Printing Office


Citation APA MLA Chicago R. Cohe, B. L. (n.d.). Economic Issues Economic Perspectives on the Internet. Retrieved from https://self.gutenberg.org/

Description
Government Reference Publication

Excerpt
Introduction: The information technology sector of the United States economy, spurred on by the expansion of the Internet, has undergone explosive growth. According to a recent study by the University of Texas at Austin and Cisco Systems, the ?Internet Economy? has led to the creation of over 1.2 million jobs, and generated over $300 billion in revenue (Barua, et al. 1999). In terms of user base, recent estimates project that by the end of 2000, 72 million Americans will have access to the web--up from 14.3 million in 1995 (Atkinson and Court 1998). The Internet, by all accounts, has drastically changed the manner in which business is done. Anything from material goods, such as groceries and compact discs, to information goods, such as database access and newspaper text, can be acquired with the ease of a mouse click or key stroke.