Originally, i planned to write on the differences between Men and Women. However, after much thought, I realized that my knowledge of such a subject is limited, to the point of me writing a academic essay on such an essay would be silly. Such a subject is the type of question that many people never answer or are able to understand in a lifetime, and to accurately explore their differences i would need a much larger supply of experience and writing room to give such a topic a fair evaluation. So, instead i decided to write about something i do know a bit about with regard to economics.
At the beginning of the 21th century, the most quickly developing field was most likely computers. This has carried on into current times, with computer processing power doubling about every year, allowing for unexpected ways to purchase content and radically differing forms of media have expanded rapidly, especially considering they were non-existent a decade beforehand. This includes Media stores like Itunes, or stores that sell physical goods like Amazon or Ebay. Along with this processing improvement, 4G data towers and fiber optic networks are beginning to replace the already competent DSL and cable lines used today. So, what does this have to do with economics?
While retail stores will remain for the foreseeable future, As these systems begin to expand the necessity of consumers to travel to stores will continue to drop.
For example, grocery purchases can be ordered online and then delivered to a house, rather than acquired at the store, resulting in increased time for the shopper. And for other more generic purchases, the multitude of easily comparable stores results in much more easily comparable prices. And as data connections increase in speed, digital content delivery such as Itunes, Steam and Netflix will become more popular and practical, eventually replacing dedicated television lines over Cable or Satelite. As for the advantages for the seller, Elimination of physical storefronts could save quite a bit of money. And because the purchases are made through websites, much of this usage data is tracked and recorded, for use in generating revenue through ads, targeted product recommendations, or other even more creative ways to make money. Considering the amount of information people are already willing to share on social networking sites such as facebook, such a leap for commercial data-especially considering saving money being put into the fray.
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