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What is the impact of the internet on the economy?
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The impact of the internet on the economy has been tremendous. It has allowed for greater access to information, reduced transaction costs and increased efficiency in many areas such as transportation, communication, commerce, banking, education, entertainment and more. In addition, it has led to a shift away from traditional industries towards new digital-based businesses. This has resulted in an increase in economic growth, job creation, productivity gains and higher wages.