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The Internet And Its Affect On The Economy

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In the last five years, the businesses on the Internet have more than doubled, as shown in figure 1. Soon, it will represent the fundamental source for purchasing products and advertising businesses, and it will be prominent among homes as the primary technique of relaxing. As the usage of the Int ....

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....rs when the increasingly different and unique demands of the industry cannot be satisfied by one person alone, and thus another must be hired to take his place. Cyclic unemployment, on the other hand, occurs when the demand for the industry is decreasing, and thus the industry must lay-off workers. The Internet service providing industry has reached full employment only because it has zero cyclic unemployment. Frictional unemployment (which is not necessarily an adverse situation), however, is q....
Number of words: 790 Approximate pages: 3

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