The Advent of the Internet in the Second Half of the 1990s

question 57

Short Answer

The advent of the Internet in the second half of the 1990s has brought the stock market industry close to a state of _______________.

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Definitions:

Full Employment

A situation in which all available labor resources are being used in the most economically efficient way, typically characterized by the absence of cyclic unemployment.

Production Efficiency

A level of production in which the economy can no longer produce additional amounts of a good without lowering the production level of another product.

Production Inefficiency

A situation where a firm or economy is not producing at the lowest possible cost or maximally utilizing its resources, leading to waste or lost potential output.

Opportunity Cost

Sacrificing potential opportunities from a range of alternatives by settling on one.