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Digital economy

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Title: Digital economy  
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Subject: Knowledge economy, Digital Britain, Canada 3.0, Orgment, Digital omnivore
Collection: Economic Systems
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Digital economy

Digital Economy refers to an economy that is based on digital technologies. The digital economy is also sometimes called the Internet Economy, the New Economy, or Web Economy. Increasingly, the “digital economy” is intertwined with the traditional economy making a clear delineation harder.


  • Definition 1
  • Impact 2
  • Response 3
  • See also 4
  • References 5


The term 'Digital Economy' was coined in

  1. ^ Tapscott, Don (1997). The digital economy : promise and peril in the age of networked intelligence. New York: McGraw-Hill.  
  2. ^ "Don Tapscott Biography". Retrieved 24 October 2013. 
  3. ^ Nicholas Negroponte - Bits & Atoms - University of Phoenix. Retrieved on 2013-07-23.
  4. ^ "Merchant Sharing". 
  5. ^
  6. ^ a b
  7. ^ Digital’s Disruption of Consumer Goods and Retail. bcg.perspectives (2012-11-15). Retrieved on 2013-07-23.
  8. ^ Deloitte Australia: Digital disruption - Short fuse, big bang?. Econsultancy (2012-10-22). Retrieved on 2013-07-23.
  9. ^ Internet matters: Essays in digital transformation | McKinsey & Company. (2013-03-13). Retrieved on 2013-07-23.
  10. ^ Welcome to Telefónica Digital. (2013-07-15). Retrieved on 2013-07-23.
  11. ^ Economy is better off with digital disruption. (2012-07-23). Retrieved on 2013-07-23.
  12. ^ Being too late in digital more costly than being too early: Deloitte Telstra joint report. Computerworld (2012-11-30). Retrieved on 2013-07-23.
  13. ^ Retail banks to tackle “digital disruption” in 2013. CCR Magazine (2012-11-21). Retrieved on 2013-07-23.
  14. ^ What is the NBN? | NBN - National Broadband Network - Australia. NBN. Retrieved on 2013-07-23.


See also

Given its expected broad impact, traditional firms are actively assessing how to respond to the changes brought about by the digital economy.[9][10][11] For corporations, timing of their response is of the essence.[12] Banks are trying to innovate and use digital tools to improve their traditional business.[13] Governments are investing in infrastructure. The Australian National Broadband Network, for instance, aims to provide a 1 GB/sec download speed fibre based broadband to 93% of the population over ten years.[14]


It is widely accepted that the growth of the digital economy has widespread impact on the whole economy. Various attempts at categorising the size of the impact on traditional sectors have been made.[5][6] The Boston Consulting Group discussed “four waves of change sweeping over consumer goods and retail”, for instance.[7] Deloitte ranked six industry sectors as having a “short fuse” and to experience a “big bang” as a result of the digital economy.[8] Telstra, a leading Australian telecommunications provider, describes how competition will become more global and more intense as a result of the digital economy.[6]


over the Net. zero marginal cost intangible goods has been defined as the branch of economics studying Digital Economy [4]

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