The Economics of the Internet

Economists have found that the internet as an experiment to test the limits of a free market. Now, with the internet there are thousands of services, products and information at hand with just a click of the mouse.
Here are some statistics to ponder upon:
35% of the US population is expected to be on the web in 1998.

Total online commerce is expected to exceed $30 billion in five years.

Online retail sales alone are expected to exceed $500 million this year(1998) and increase to nearly 6 billion by 2000.

Web advertising expenditures are expected to reach 2.5 billion over the next two years.

(Sources: SIMBA and Gartner Group)

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