Question

Write note on Impact of digital Economy

Answer 1

Hey mate!

I am here with your answer!

Digitization is the process by which technology lowers the costs of storing, sharing, and analyzing data. This process has changed how consumers behave, how industrial activity is organized, and how governments operate. The economics of digitization exists as a distinct field of economics for two reasons.

A good example is that executives can predict with some accuracy the impact on the overall economy of a decline in technology spending. Soon afterward, GDP falls dramatically, and, within a few years, labor productivity across the economy falls, as technological innovation is an important component of productivity.

Hope this will help you!

Answer 2

Answer:

hiii mate ☺️

here's ur answer in this attachment