What are the key differences between digital and traditional economies?
The digital economy is driven by technology and online transactions, while the traditional economy relies on physical goods and services.
Can you give examples of each?
Sure! An example of a digital economy is e-commerce platforms like Amazon, while a traditional economy example is local retail stores.
How does the digital economy impact job markets?
The digital economy creates new job opportunities in tech and online services but can also lead to job displacement in traditional sectors.
What are the advantages of a digital economy?
Advantages include increased efficiency, global reach, and access to a wider range of products and services.
Are there any downsides to the digital economy?
Yes, downsides include cybersecurity risks, digital divide issues, and potential job losses in traditional sectors.
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