Economic Impact of ICT

Skeletor
Mind Map by , created about 5 years ago

Key points of the way that modern-day ICT can have an effect on the economy

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Skeletor
Created by Skeletor about 5 years ago
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Economic Impact of ICT
1 ICT has allowed many businesses to offer their services to overseas countries
2 Businesses can now advertise on websites which people can view all around the world
3 Allows people to buy products through the internet from all around the world through shopping sites such as Amazon
4 The globalisation of businesses has expanded markets and allowed companies to streamline their operations so they can employ fewer people, decrease their expenses and therefore maximise their profits

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