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it means that consumers can compare what is offered by many different
companies in many different places, to get the best deal. The whole of
the commercial transaction, including ordering, transport and delivery,
the invoicing and payment cycle can be supported electronically.

Dealing with public authorities electronically for customs and tax
affairs, and in statistics is already well developed. However, a number of
issues such as security, legal questions and procedures still have to be

addressed as a part of the electronic commerce business environment.
Finally, the Internet is a main element of development of the
information society, particularly in Europe, where it canhelp to remove
national boundaries, and create a truly European economics and

information society. The information society represents the most
fundamental change in our life, with huge opportunities for all people.
Information and Communication Technologies (ICT) allow for new

forms of partnership between companies, suppliers and consumers,
improving the way they work and the products and services they offer.

ASSIGNMENTS
1. Compare the definition of the Internet given in the article with some

other definitions.
2. What tools can increase prosperity and corporation competitiveness?
3. Choose the best definition of information society. Explain your
choice.

– Information Society is a term for a society in which the creation,
distribution, and manipulation of information has become the most
significant economic and cultural activity;

– A society characterised by a high level of information intensity in the
everyday life of most citizens, in most organisations and
workplaces; by the use of common or compatible technology for a

wide range of personal, social, educational and business activities;
and by the ability to transmit and receive digital data rapidly between
places irrespective of distance.

– Information Society: A society characterised by a high level of
information intensity in the everyday life of most citizens, in most
organisations and workplaces; by the use of common or compatible
technology for a wide range of personal, social, educational and

business activities, and by the ability to transmit, receive and
exchange digital data rapidly between places irrespective of distance.
4. What does the abbreviation ICT stand for?