New Economy

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New Economy

An informal term for the changes that came to developed economies during the late 1990s. The new economy came about largely as a result of the popularization of the Internet. For example, because of the new economy, online companies can provide information for free and derive their revenue from advertising. Likewise, many jobs can now be done anywhere. That is, many jobs no longer require one to be present in the office; for example, one can do work in Oklahoma for a company based in Pennsylvania. See also: Dot-com bubble.
References in periodicals archive ?
He created KnitMedia, during the dot-com economy, as the umbrella company to the Knitting Factory club in NY and soon to open state-of-the-art club in Los Angeles.
Despite the collapse of the dot-com economy, buying computers over the Net is still a viable option.
3 provides a solid platform for enterprise-grade Java technology development that is ideal for deploying client and server side enterprise applications in the demanding dot-com economy.
For users," Garfinkel continues, "the demise of the dot-com economy means that even more companies are looking for ways to make a buck off Internet users -- and frequently, that means trying to find ways to capture and resell personal information.
Later, however, I did predict the collapse of the dot-com economy.
The forum addressed taking advantage of the dot-com Economy -- What you have to do to thrive and survive in the new e-Conomy?
Stock options, like residue from the dot-com economy, have become commonplace additions to compensation packages.