How has the Internet changed economic systems?

Question

How has the Internet changed economic systems?

A. by encouraging the demand for diverse media sources
B. by making many economic exchanges electronic
C. by reducing the need for personal computers
D. by reducing the need to conduct trade

Answer 1

in person or through physical stores

Answer 2

The correct answer is B. The Internet has changed economic systems by making many economic exchanges electronic. The ability to conduct business and commerce online has revolutionized the way goods and services are bought and sold. Online marketplaces, e-commerce platforms, and digital payment systems have made it easier for businesses and consumers to engage in transactions without the need for physical presence or traditional brick-and-mortar establishments. This has opened up new opportunities for businesses to reach wider audiences and created a global marketplace that transcends geographical boundaries.