The Internet is a system architecture that has revolutionized communications and methods of commerce by allowing various computer networks around the world to interconnect. The Internet became available to the general public in the early 1990s and now approximately 4.5 billion people are estimated to have access to the Internet.
The Internet finds its applications in a large variety of everyday activities, ranging from personal browsing to economic activities like banking, etc. The Internet is a vital part of the modern economy. It provides opportunities for people to start their businesses online. Even the well-established ones are now expanding themselves and reaching places which were earlier outside their pale with the help of the internet. Nowadays, e-commerce companies are able to sell their products even in remote areas. All these activities lead to employment generation as when businesses grow, they need more manpower.
The internet has also generated employment in the form of online education and several other online services. Moreover, it has made businesses more efficient by cutting unnecessary expenditures, thus making goods more affordable for people. In addition to that, it has made the entire banking system more convenient for us. Now we can transfer money to anyone even in the middle of the night.
In conclusion, one can say that the internet has provided a positive boost to the country’s economy and in the near future, it will bring more positive news. If there is one sector that has benefitted the most by the internet, it is undoubtedly the economy.
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