The internet is the fastest growing economy in the world, mostly because of its ease of use, and its vast audience. For the last seven years, the internet has more than doubled in growth and profits every year. Every day, there are new companies being created and making profits over the internet. This is because of the low cost of setting up and advertising. The internet is also rapidly becoming the major means of purchasing for millions of people all over the world. This number is only going to increase as more people become computer literate. A major concern for people purchasing products or services over the internet is security. Most people think that using credit cards on the internet is unsafe, when in reality it is more safe than using it at a local grocery store or gas station. This is because when a person submits their credit card information over the internet, it is encrypted and sent securely, while when they use it at

a grocery store, anyone can view the information. New uses for the internet are being discovered all the time. For instance, the digital music revolution is in progress right now. There are major lawsuits being issued by major record labels against certain internet organizations such as Napster and MP3.com. Almost every person who knows about electronic music uses it, so this makes a major impact on the sales of CDs and cassettes. Other than electronic music, almost every other industry is benefiting from the internet. For instance, the internet auction company EBAY is one of the biggest companies in the world now. They offer the advertisement of products and services to be auctioned to everyone. This means that millions of people can buy and sell anything they want, with a broad audience of consumers. Another industry on the internet that has become big is ticket sales. The monolith company Ticketmaster now offers sales of tickets over the internet. This makes it easier and more convenient for people to buy tickets to events.

The internet, banking, and communications are three of the most important aspects of the modern computer era. As more people become computer literate, the use of computers in every day life will continue to grow and make new innovations. This will lead to an easier and more interesti

Some common words found in the essay are:
Napster MP3com, , AT&T BELL, millions people, information internet, ten ago, internet banking communications, people computer literate, products services, electronic music, computer age, banking communications, credit cards, grocery store, internet banking,
Approximate Word count = 897
Approximate Pages = 4 (250 words per page double spaced)