Could COVID-19 contribute to economic growth? In the United States, the upsurge in new-business applications indicates that despite its devastating effects on many small businesses, the pandemic may result in new startups being launched due to various causes, including the isolation and extra time for reflection resulting from closures. Although only a percentage of business applications result in business formations, the data suggests robust US business creation for 2020 overall.
It’s certain that the framers of the Constitution of the United States were not thinking internet when they penned the supreme law of the land. But many parts of it, especially the First and Fourth Amendments, have grown in significance in the Digital Age. The First protects the citizen’s right to free speech; the Fourth, his or her right to privacy. Are both rights still secure in today’s interconnected world?
Our world has never been more connected, thanks to the internet, and this is especially true in commerce. Via digital communication, the consumer can deal directly with multiple traders, from small to mammoth, of products and services without the assistance of an intermediary. The new network economy introduces opportunities for both cooperation and competition. What are the four main trends in today’s markets?
Consider the statistics. While 67 percent of American cellphone owners check their smartphones for messages and calls even without the “ping”, and 49 percent of these same owners assert that it would be “very hard to give up”, why don’t they use smartphones to make payments?