human
I've heard a lot about the 'new economy,' what is it?
assistant
The new economy is a term used to describe the economic changes that have occurred since the end of the industrial age. It includes advances in technology, such as the internet and mobile phones, which have enabled businesses to operate more efficiently and create new opportunities for growth. Additionally, globalization has led to increased competition and greater access to markets, making it easier for companies to expand their operations. These factors have all contributed to the emergence of the new economy.