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Economic changes in various industries

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Essentially, what do you think are the changing aspects of the economics (i.e., customers, technology, and competition) of the following industries?
- telecommunications
- retail merchandising
- higher education
- aerospace and defense.

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Economic changes in telecommunications, retail, higher education, and aerospace and defense.

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All of these industries have been impacted by globalization which is in turn fueled by technology. Technology has enabled globalization to proceed on a scale that would not otherwise have been possible. Things like email and the Internet allow people to interact in real time even when they are on separate continents. By lowering prices technology has in essence shifted the supply curve to the right. In so doing, it has lowered prices. In turn, this spurs even more advances in technology, as innovation is encouraged by globalization. This is especially relevant for telecommunications. Expanding high technology has ...

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