The Emerging Digital Economy II
Electronic commerce (business transactions on the Web) and the information technology (IT) industries that make “e-commerce” possible are growing and changing at breathtaking speed, fundamentally altering the way Americans produce, consume, communicate, and play.
• Growth in the available measures of e-commerce (e.g., estimates of the value of e-commerce business transactions) is outpacing last year’s most optimistic projections. As a share of the retail portion of the economy, however, e-commerce remains quite small — less than 1 percent.
