Can perfect competition achieved by Electronic Commerce?

Essay specific features

 

Issue:

Business

 

Written by:

Kristi C

 

Date added:

December 6, 2013

 

Level:

University

 

Grade:

B

 

No of pages / words:

9 / 2461

 

Was viewed:

5939 times

 

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Essay content:

We all directly or indirectly involved in the variety of processes of the new, on-line, knowledge-based economy. Kehal and Singh (2005, p.3) also state that the essential elements of digital economy is digitalization and intensive use of information and communication technologies (ICT); codification of knowledge; transformation of information into commodities and new ways of organizing work and production (Kehal and Singh, 2005, pp3)...
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This implies that more and more products and services are available online. Is the increasing number of commodities available and information accessible online take us to a theoretic market in a perfect competition environment? Some commentators argue that the Information technology will lead to the Perfect Competition in the new digital age...
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