What is the Digital Economy? An economy focused on digital technology

Disadvantages with the digital economy - 

1. 
   Monopoly Authority: Despite the possibility of new start-ups, monopoly-holding companies have come to dominate many facets of the digital economy. For instance, Amazon has a monopoly on online sales, which forces many businesses to use the Amazon market place to connect with customers who regularly shop there. The brand loyalty and market dominance of Google and Facebook are also extremely strong in their respective markets. Due of this, a few tech behemoths are now tremendously profitable. Google is able to charge high costs for internet advertising thanks to its dominant position, while Amazon has the market power to undercut other traditional book retailers.
   
   
2. 
   Less Community: A physical bookstore can serve as a hub for the neighbourhood. It might host occasions and book signings, and people might enjoy the experience of looking through actual books. Old-fashioned booksellers are put out of business when the digital alternative undercuts established businesses.
   
   
3. 
   Despite the fact that books may be less expensive, we no longer have the physical interaction between vendors and customers, which was a crucial part of the purchasing process.
   
   
4. 
   Technology's addictive qualities: Although finding bus schedules online is considerably easier than on paper, this potential time savings may be overshadowed by the time we squander monitoring Facebook, Twitter, and internet searches. Additionally, the sheer amount of information might make us feel overwhelmed and cause us to lose sight of what we actually need. There is no guarantee that more options will produce better results. We can take our time making decisions and it gets simpler to put things off when we are presented with a dizzying array of possibilities.
   
   
5. 
   More graphic content has emerged due to Social Media
   
   
6. 
   Social media's distance and anonymity have made it more popular for people to make personal attacks, propagate conspiracies, and share pornographic or violent imagery. Content that is harmful to human well-being is proliferating thanks to the digital economy.
   
   
7.