Economics and Ecomerse

After reviewing many choices of an industry Team B has agree on e-commerce. E-commerce is known for the selling and purchasing of goods and different function on the internet. This industry is used by people in all over the world whether for business-to-business, buying and selling, or a realistic storefront. Within this overview, team B go forth be bounteous a brief history of e-commerce, an overview of this industry, and a SWOTT analysis. We will excessively be addressing and defining the impact of real GDP, unemployment rate, and how inflation rank can be measured by the Consumer wrong office (CPI). Some other economic indicators applicable to this industry, but we will elaborate on interest rate, auto sales, and Producer Price Index (PPI). Brief history When the Russians launched Sputnik on October 4, 1957 (NASA, 2007) the United States was caught by surprise. They surely couldnt believe that they had lost the hugest space race and upset(a) about Russias ability to launch missiles, should it ever total to that. The US government responded to this threat by forming the Advanced query Projects Agency (ARPA) inside the Department of Defense (Computer History Museum, 2006).

ARPA would be the countrys scientific salvation and put them cold ahead of the Russians, and anyone else, with the next technological breakthrough. By 1969 a in the raw network was set-up by ARPA between Honeywell and three Universities in atomic number 20 and Utah; it was called ARPANET (Computer History Museum, 2006). By 1990 ARPANET was shut down and was replaced by the backbone called NSFNET (Computer History Museum, 2006). It wasnt until 1991 that the Net opened up for commercial use and until the mid 1990s before halal security measures were in place to provide a unspoilt virtual shopping place (ecommerce-land.com, 2004). At the end of the 90s at that place were hundreds of thousands of online e-tailers (ecommerce-land.com, 2004), then the bottom dropped out. The dot.com crash in 2000 led many... If you take to get a full essay, order it on our website: Orderessay

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