The idea that notable advances in information technology in the 1990 's and beyond, and specifically the rise of the Internet as a business medium, had changed fundamental economic rules. In the new economy, it was thought that former business valuation techniques were invalidated by the resulting fast changing business environment.The idea that the remarkable advances in information technology in the 1990s and beyond, and especially the emergence of the Internet as a business medium, has changed the basic economic rules. In the new economy, they said that the former business valuation techniques has been disabled by the business environment changes quickly results.
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