The Digital Revolution Has Placed a Whole New Set of Capabilities

question 74

Essay

The digital revolution has placed a whole new set of capabilities in the hands of consumers and businesses. Describe the advantages that you as a consumer have today that your parents or grandparents didn't have.

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Definitions:

Exports

Goods or services produced in one country and sold to buyers in another.

Foreign Goods

Products and services that are produced in one country and then sold and consumed in other countries.

Domestic Purchases

Transactions involving goods and services within a country's own borders.

Net Exports

The value of a country's total exports minus its total imports; it's a component of a nation's Gross Domestic Product (GDP).