Online Economy Worth £100 billion To The UK

Online Economy Worth £100 billion To The UK

Assessment

Interactive Video

Business, Other

University

Hard

Created by

Wayground Content

FREE Resource

The video discusses the emergence of a new online marketplace for unique gifts, highlighting its rapid growth and future ambitions. It examines the significant economic impact of the Internet, contributing £100 billion to the UK economy, with half from online shopping. The report suggests that the Internet's growth could surpass traditional industries like construction. Despite online shopping being less than 10% of total retail, the trend is shifting towards more online transactions. The video concludes by predicting a future where online and physical retail coexist, emphasizing the Internet's role in economic growth.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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