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Internet and Information Economics
PART ONE
9
Economics
Undergraduate 4
02/18/2013

Additional Economics Flashcards

 


 

Cards

Term
What is the Internet
Definition

A network of networks. connected by calbes or wireless and allows computer to connect to eachother.

Follows TCP/IP protocol

Term
Important historical facts of the Internet
Definition

Product of the cold war

began by the NSF

Was commerciallized in the 1980's

ANS was a consolidated group of computer firms which created the backbone for potential users

Term
When was the internet privatized?
Definition

1993

Helped fund the NAP network access point for higher speed internet

Term
Name the 4 major acces points in 1994
Definition
NSFNET, ALTERNET, PSInet, Sprintlink
Term
What helped make the internet popular?
Definition

Reach

Ease of use

Interactivit

Communication

Encycolpedic Nature

Richness

Term

Why was the interenet important for businesses?

 

Definition
  • Cost saving (connected customers to firms and better internal structure
  • new markets and revenue streams geographically
  • innovation
  • more customer information'
  • easy to establish web presence
Term

Explain the governments role with internet?

 

Definition

Improve external and internal communications

helped promote competition

protected interest of consumers and producers

new tax revenue

Term
What percentage of world uses the internet?
Definition
25%
Term
What percentage of GDP does the internet contribute?
Definition
4%
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