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Describe the vision of online retailing during the early days of e-commerce. Did these predictions and assumptions turn out to be True?
Price System
The economic mechanism that uses prices derived from supply and demand interactions to allocate resources, distribute goods, and manage production.
Means of Production
The resources and infrastructure used to produce and distribute goods and services, including land, labor, capital, and technology.
Nazi Germany
The period in German history from 1933 to 1945 when the country was ruled by Adolf Hitler and the National Socialist German Workers' Party.
Nationalistic
Related to advocating for or demonstrating strong support and pride in one's country, often at the expense of disregarding international considerations.
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