How Have Technological Advances in the Internet and Information Technology

question 30

Essay

How have technological advances in the Internet and information technology changed the environment for business?

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Definitions:

Withdrawals

In economic terms, withdrawals refer to the removal of money or resources from an economy, such as savings, taxes, or imports that decrease the flow of funds.

Present Value

Today's valuation of money expected in the future or ongoing payments, as determined by a particular rate of gain.

Compound Interest

The accumulation of money that builds over time in an investment or interest-bearing account as new interest is earned on previous interest that is not withdrawn.

Time-Value

The idea that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.