Digital Economic II

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Digital Economic II

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Electronic commerce (business transactions on the Web) and the information technology (IT) industries that make “e-commerce” possible are growing and changing at breathtaking speed, fundamentally altering the way Americans produce, consume, communicate, and play. • Growth in the available measures of e-commerce (e.g., estimates of the value of e-commerce business transactions) is outpacing last year’s most optimistic projections. As a share of the retail portion of the economy, however, e-commerce remains quite small-- less than 1 percent....

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