The Networked Economy

The networked economy refers to an economic system heavily influenced by digital technology and interconnected networks, particularly the internet. In this economy, businesses and individuals communicate, collaborate, and trade more efficiently than ever before. It enables instant access to information and resources, allowing for new business models, such as e-commerce and gig work, to flourish. This interconnectedness fosters innovation and global outreach, making it easier for small startups to compete with larger corporations. Ultimately, the networked economy reshapes how we work, connect, and create value in our increasingly digital world.