In the 1990s thousands of "dot-com" companies emerged with great fanfare to take advantage of the Internet and new information technologies. A few, like Google, eBay, and Amazon, have generally thrived and prospered, but many others struggled and eventually failed. Explain these varied outcomes in terms of how the market system answers the question "What goods and services will be produced?"

Question

Reyna Bartlett

Business

4 December, 02:45

In the 1990s thousands of "dot-com" companies emerged with great fanfare to take advantage of the Internet and new information technologies. A few, like Google, eBay, and Amazon, have generally thrived and prospered, but many others struggled and eventually failed. Explain these varied outcomes in terms of how the market system answers the question "What goods and services will be produced?"

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Amara Adkins · Answer 1

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Explanation:

Yahoo, eBay, and Amazon amid others companies that succeeded offered a large variety of goods and services, but the factor that differentiated them apart is the methods and creative technique the used in facilitating and fastracking the process of shopping these items.

When a shopper weighs the benefits alongside the costs, they will most of the time decide to shop on one of these eCommerce sites since the cost is so low, there are a lot of options available to shoppers, and they don't need to check out numerous stores to find the precise product they want they want to buy.