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By improving communication and allowing greater trade and specialization
Wiki User
∙ 15y ago
khiisavv
The internet has benefited the economy by enabling easier access to markets and customers, reducing operating costs for businesses through automation and digital processes, and creating new opportunities for entrepreneurship and innovation. It has also facilitated global trade and improved efficiency in various industries.
Wiki User
∙ 15y agoThe Internet radically reduces the cost of creating, sending, and storing information while making that information more widely available. The Internet reduces search costs, allowing customers to locate products, suppliers, prices, and delivery terms. The Internet enables companies to collect and analyze more detailed and accurate information about their customers, allowing these companies to better target market their products and services. The Internet shrinks information asymmetry and has transformed the richness and reach of information. It can help companies create and capture profits in new ways by adding extra value to existing products and services. It also provides the foundation for new products and services.
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Whats the law that colonies trade had to be on English ships?
The law that required colonies to trade only on English ships is known as the Navigation Acts. These laws were implemented by the British government in the 17th century to regulate colonial trade and ensure that it benefited England's economy. The Navigation Acts aimed to restrict competition from other countries and increase profits for English merchants.
What argument used to justify slavery also served to question the fairness of the Northerners?
slaves had better lives than many free factory workers.
How did the indentured servitude benefit?
Indentured servitude benefited the individuals in several ways, such as providing an opportunity for passage to the colonies, a chance to learn new skills or trades, and potential for eventual freedom after completing their term of service. It also benefited the colonies and employers by providing cheap labor to support economic growth and development.
Economic structure of Indian economy?
The Indian economy is a mixed economy, with elements of both capitalism and socialism. It is primarily based on services, industry, and agriculture sectors. Key industries include information technology, pharmaceuticals, textiles, and automotive. The government plays a significant role in regulating key sectors and promoting inclusive growth through various social welfare programs.
What laws were passed during the Reconstruction Era that benefited the African Americans?
Some key laws passed during the Reconstruction Era that benefited African Americans include the Civil Rights Act of 1866, which granted citizenship and equal rights under the law, and the 14th Amendment, which granted equal protection of the laws and due process to all citizens. The Reconstruction Acts of 1867 also helped protect the rights of African Americans by dividing the South into military districts and enforcing requirements for readmission to the Union.
Who benefited from slaverly?
The south's agricultural economy.
How has the Empire State Building benefited from the economy?
orite
The north american free trade agreement has?
Benefited the Canadian economy.
What group benefited from the economy and culture of the 1950's?
White men.
Which group benefited most from the economy and culture of the 1950s?
White men
What sector of the economy benefited greatly from the American middle class?
.. The service sector
The North American Free Trade Agreement (NAFTA) has .?
benefited the Canadian economy
What group benefited most from the economy and culture of the 1950's?
White men.
Have mobile phones benefited society?
yes they have benefited society because you get to text and call wirlessley and it depends on wat phone you have to go on internet wirlessly.
How did Spain benefit from joining the EU?
Spain benefited from joining the EU by obtaining a better economy. The euro and the economic reforms that came with joining did a lot for their economy.
How has the Black Sea and European alps benefited Europe's economy?
There are many resources found in these areas, particularly oil.
Which argument supports the perception of big business leaders as captains of industry?
Industrialists' support for technology benefited the economy.
