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Product code Essay-PH395

1.Is the internet really the new economy?

2. Indicate what you learned from doing your research this topic.

Write this essay in essay format not Q&A format.  This essay should be approximately 2000 words long and be appropriately referenced. 



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Introduction Internet, as we know today, is the result of all works which have happened in the last seven decades. Today, from doing simple research, ordering goods and services, enjoying entertainment, interacting with society and culture, or meeting love, the Internet is everywhere. Nearly every human being on Planet earth is directly or indirectly using the Internet for its day to day life, only some of us know it, and some don't. Unlike the earlier economies which depended heavily upon only industrial revolution, today the world is under a big change. The world economy has gone a big transformation, especially in the past two decades, where unemployment is decreasing, the world is experiencing lesser inflation, and the growth rate of world economies are on all-time high. [1] As per economist all over the world, these positives in the world economies are all due to unprecedented development in the sector of Information Technology. But how can one new service sector, improve the world economy which mainly comprises of sectors running on goods as compared to services? The new millennium of 2000 is the millennium of a new economy, and in this arrangement, a question is essential “Is the Internet really the new economy?”

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