Economics and Ecomerse

After reviewing many choices of an industry Team B has concord on e-commerce. E-commerce is known for the selling and purchasing of goods and different serve on the internet. This industry is used by people either over the world whether for business-to-business, buying and selling, or a practical(prenominal) storefront. Within this overview, team B allow be with child(p) a brief history of e-commerce, an overview of this industry, and a SWOTT analysis. We will alike be addressing and defining the impact of real GDP, unemployment rate, and how inflation evaluate can be measured by the Consumer charge forefinger (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 certainly couldnt believe that they had lost the hugest space race and distressed about Russias ability to launch missiles, should it ever move up to that. The US government responded to this threat by forming the Advanced seek Projects Agency (ARPA) inside the Department of Defense (Computer History Museum, 2006).

ARPA would be the countrys scientific salvation and put them out-of-the-way(prenominal) ahead of the Russians, and anyone else, with the next technological breakthrough. By 1969 a bad-mannered network was set-up by ARPA between Honeywell and three Universities in calcium 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 tight-laced security measures were in place to provide a dear virtual shopping place (ecommerce-land.com, 2004). At the end of the 90s in that location 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 destiny to get a full essay, order it on our website: Orderessay

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