Overview
Explain the meaning of digital divide;
Differentiate between old and new economy;
Explain the limitation of the old economy;
State the benefits of new economy.
What you'll learn
- Concept of digital divide.
- Features of old new economy:
- - Time consuming
- - Labour based
- - Mechanical
- - Constrained by space, time & distance etc.
- Features of new economy:
- - Digital,
- - Time, space & distance is irrelevant,
- - Technology driven,
- - Knowledge based, etc
- Limitations of the old economy.
- Benefits of new economy:
- - low capital to start business
- - creates new jobs etc