Impact Of Technology On Domestic And The Global Economy

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Introduction
A recent trend in the consumer marketplace is the ability for a customer to share their personal belongings, such as their homes, apartments, automobiles, tools, bicycles, driveways, clothes, accessories, and so on. This new-shared economy is a multibillion-dollar business and is growing unremarkably. The sharing concept has created markets out of things that would never have been considered to be moneymaking assets before. These new money making concepts are disrupting our traditional economy. Regular businesses have to figure out how to compete. Is this shared economy creating new value for the consumers or is it just replacing existing business? This is what is on the minds of analysts.
A term that is starting to be used more is new economy. A new economy is a phrase used to refer to the impact of information technologies since the mid 80’s on traditional economic systems. Within business contexts it is currently used in reference to the effect of information technology and the Internet on both domestic and the global economy (Finch, 2012). Technology is not the only thing now though that is making the economy change. There is now a thing called shared economy, which is a whole new economy again. A recent trend in the consumer marketplace is the ability for a consumer to share their personal belongings. Are these new money making concepts are disrupting our traditional economy? Will regular businesses have to figure out how to compete? Is this shared economy
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