IMPACT OF INTERNET ON ECONOMY INTRODUCTION WHAT IS A INTERNET

The Internet is a vast collection of world-wide inter-connected networks configured with the help of a group of about 100 TCP/IP protocols. It evolved from the US Department of Defence "Advanced Research Projects Agency Network," ARPANET, of the late 60's and early 70's. It has greatly transformed our society in ways unimaginable-let alone foreseenonly a few decades ago. At the close of the 20th century the Internet global connectivity has made us what Hauben and Hauben (1997) refer to as Netizens: Net Citizens. In this new world geographical separation is replaced by cyber/virtual space and we are all next door compatriots, or netizens. In this new world of Internet connectivity people can share their experiences, ideas, suggestions, and problems, try to exert influence, and get fast responses and reactions from friends and strangers alike, feedback that is in many cases advantageous to the parties involved.The Internet society has created its own new culture and Net terminology. Terms such as World Wide Web (WWW), search engines, HTML, web pages, web servers and clients, http, URL, TCP/IP, SMTP, POP, DNS, ISDN, newsgroups, domain names, UNIX, FTP, WS_FTP, clickable images, bookmarks, telnet, BBS, CGI, ftp.fedworld.gov, mailing lists, GIF, JPEG, dot files, LAN, network, Internet Firewall, and many more have become household terms. We are now talking of e-trade, e-travel, e-mail, etoys, e-commerce, e- banking, on-line services, virtual this and that such as virtual museums, and so on, terms that point to the degree, desire, and ability of our society to adapt to a changing world. A good example of this is CAPP 385 itself! It points out the will of people to

learn and keep up with the new advances in cyber space, and altogether absorb the new Internet culture.

WHAT IS AN ECONOMY
Economy is the social outcome of many peoples' unending (and unfulfilled) desires for material goods and services being met by their making the least effort in the honest production of these useful items (and provision of these useful services). It is the way that human greed and lazyness can combine for good, an oximorgan of social activity. The resulting goods and services have measurable value. An economy consists of the economic system of a country or other area, the labor, capital and land resources, and the economic agents that socially participate in the production, exchange, distribution, and consumption of goods and services of that area. A given economy is the end result of a process that involves its technological evolution, history and social organization, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the

conditions and parameters in which an economy functions.All professions, occupations, economic agents or economic activities, contribute to the economy. Consumption, saving, and investment are core variable components in the economy and determine market equilibrium. There are three main sectors of economic activity: primary, secondary, and tertiary.

Three Sectors Of Economy

Primary Sector:The primary sector of the economy extracts or harvests products
from the earth. The primary sector includes the production of raw material and basic foods. Activities associated with the primary sector include agriculture (both subsistence and

commercial), mining, forestry, farming, grazing, hunting and gathering, fishing, and quarrying.

Secondary Sector:The secondary sector of the economy manufactures finished

goods. All of manufacturing, processing, and construction lies within the secondary sector. Activities associated with the secondary sector include metal working and smelting, automobile production, textile production, chemical and engineering industries, aerospace manufacturing, energy utilities, engineering, breweries

Tertiary Sector:The tertiary sector of the economy is the service industry. This
sector provides services to the general population and to businesses. Activities associated with this sector include retail and wholesale sales, transportation and distribution, entertainment ,resturants ,clerical services,media,tourism,banking,healthcare,

The Social Impact of Internet on Our Economy

The Internet drives the hottest stocks on Wall Street, shapes technological innovation, and fills the pages of the world's presses. What does this mean for society,

government,commerce, and other institutions? How will the way we live, work, learn, profit, govern,and communicate change?

The Internet creates new ways for citizens to communicate, congregate, and share information of a social nature. It is obvious that the Internet has and will continue to change the way we live.

Field of Health Care

Transforming Medicine and Health Synergistic discoveries and instant scientific collaborations between researchers working on areas as diverse as hereditary neurologic diseases and the basic biology of microorganisms all happening thanks to the Internet. Telemedicine allows medical specialists in Boston to diagnose and treat patients in California. How will the Internet affect two aspects of "medicine, fundamental research and medical care?"

One of the impacts of the Internet on our society in the field of medicine, is the research capabilities it affords the general public, or the empowerment it affords patients and their families.

Field of Business
The way people conduct business has vastly changed with the wide use of the Internet.Many businesses have websites that allow people to conduct business "on line". This is afield that all experts say will grow and advance greatly in the years to come, not just inthe United States but in other countries around the world too. "Books and C.D's" arebought mainly through Amazon, a virtual book and music store with no stores, just anexcellent website, and large warehouses.Our economy plays an important role in the field of Business as well.

Objectives of the Study

1. 2. 3. 4. To know the impact of internet in various sectors of Economy. To study the uses of internet in various sectors of Economy. To study the opportunities provided by internet. To analyse the impact of internet on our economy

RESEARCH METHODOLOGY
Research Methodology is defined as a highly intellectual human activity used in the investigation of nature and matter and deals specifically with the manner in which data is collected, analyzed and interpreted.

Types of Research Design Exploratory Research An exploratory study is undertaken when not much is known about the situation at hand or no information is available on how similar problem or research issues have been solved in the past.

Descriptive Research Statistical study to identify patterns or trends in a situation, but not the cause-and-effect (causal) linkages among its different elements. Descriptive studies (such as a crosssectional study) help in generating hypothesis on which further research may be based.

Types of Data Collection

 Primary Data Primary Data is first hand information for a particular statistical enquiry and it is collected originally. The most popular and common tool is questionnaire/interview schedule to collect the primary data.

Secondary Data It refers to the statistical material which is not originated by the investigator himself but obtained from some one else's records. This type of data is generally taken from newspapers, magazines, bulletins, reports, journals etc. My study is based on secondary data and descriptive in nature Data Analysis There are various things which help to analyse the data. It can be pie-charts, tables, bar-graph and theoretical data analysis.

Bibilography
BOOKS
1. India 2005 Social, Economic and Political Stability: Sinha, R.K.
2. Evolution of Economic Policy in India: Dhar, P.N. 3. Economic Survey Govt. of India M/O Fiance Economic Division: Lal, Bhure

ARTICLE
1.Globalization and Complexity Has Made Our World More Vulnerable to Catastrophe 2.Falling economy Spurs Home Gradening Boom 3.The Alien Economy is Making people sicker

MAGZINE
1.Food Security Bill-Hope and despair 2.From the start to end-great

WEBSITE

1.http://www.ibm.com/e-business/whatis.htm 2.http://www.economy.org/ 3. http://www.math.umd.edu/~agk/album/start_birds.html 4. http://lasvegaswired.com/events/tourismweek/ 5. http://www.forbes on economy.org/tourism.htm 6. http://www.about-turkey.com/urfa.htm