GDP is a widely used category, which measures economic growth, and the government for public policy decisions uses that, and so on. A well-known fact is, however, that GDP is not a measure of economic welfare. This paper explores weaknesses of the GDP concept: market failures in the measurement...

E-commerce and e-business are considered by some as a whole new dimension in terms of economics, while at the same time many professionals see it as a natural evolution of the same raw, basic, traditional economic principles. Although this was the main concept, together with its applicability...