Explanatory essay on the strong rivals of the traditional economy

1 Today, after the traditional economy has been followed for thousands of years, the Internet economy suddenly emerged and quickly became popular, becoming a powerful enemy of the traditional economy. This is because it has three major weapons.

2 User experience comes first and is the number one weapon for winning in the Internet economy.

In the traditional economy, transactions between consumers and merchants are based on information asymmetry.

It means "what you buy is not as good as what you sell."

With the Internet, consumers can compare prices with just a click of a mouse, and they can also discuss freely with each other.

Consumers have more and more information, so they are becoming smarter and have more say.

If an Internet merchant's products or services are good and exceed consumers' expectations, then even if they don't spend a penny on advertising, most consumers will be willing to share them online and build word-of-mouth for them for free.