In the Second Wave of Electronic Commerce, the Internet Had

question 22

True/False

In the second wave of electronic commerce, the Internet had become simply a tool that enabled communication among virtual community members.

---

Definitions:

Economy

The system of production, distribution, and consumption of goods and services within a particular geographical area.

ATC Curve

Represents the Average Total Cost curve, showing the per-unit cost of production at different levels of output.

Efficient

Pertaining to a process or system that achieves maximum productivity with minimal wasted effort or expense.

Economy

Represents the system of production, distribution, and consumption of goods and services within a specific region or country.