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Empowered consumers

The internet has empowered consumers.

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London Conference on Cyberspace
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Thematic debates
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Economic growth and development
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Economic benefits
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Empowered consumers
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Buyers are less dependent on intermediaries
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Creates an effective secondary resale market for consumers
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Easier for buyers to compare prices
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Easy for buyers to find and compare feedback from other buyers
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Makes certain types of products easier to find
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Online prices are on average 10% lower than offline prices
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Emergence of a new global marketplace
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Enhanced productivity
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Increasing prosperity and global GDP
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Internet creates more jobs than it eliminates
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Transformed the value chain in almost all sectors
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