The tremendous growth of the Internet and World Wide Web is having great impact on businesses, governments and individuals throughout the world. The Net and Web allow business to be conducted in ways heretofore not possible. Organizations of all kinds are being affected in radical ways. New business models are being invented. Vast wealth is (well, it was before the stock market headed south!) being accumulated by Internet companies and shareholders. Internet companies are using their capital value to buy or merge with other companies. Consumers have rapid access to better information, increasing pricing pressure on competing firms. Workers are more productive, further helping to keep prices low and inflation at bay.
- Teacher: Mehmet Toycan