When the Internet Became Easy to Navigate in the Early

question 20

Essay

When the Internet became easy to navigate in the early 1990's, Jeff Bezos recognized the potential for selling online and founded Amazon in the mid 1990's.As sales in traditional stores dropped, Amazon grew at a rapid pace.The company now takes in more than 40% of all online sales.

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Definitions:

Equate

To consider one thing to be the same as or equivalent to another.

Real GDP

Real GDP measures the value of all final goods and services produced within a country’s borders in a specific period, adjusted for inflation.

Aggregate Supply Curve

A graphical representation that shows the total quantity of goods and services that producers in an economy are willing to supply at different price levels during a specific time period.

Total Investment

Total investment refers to the sum of all expenditures on capital goods by businesses and government within a specific time period.