VIRTUAL SPACE AND ITS ECONOMIC POWER

Abstract

The basic premise, which led to the realization of this paper, was actually to make an in-depth analysis of the virtual space and its direct impact on increasing the economic power of companies in the modern globalization conditions of business communication. Revolutionary progress promotes connectivity on a planetary scale, which in turn creates prerequisites for using the benefits of technical-technological inventions and building a new economic infrastructure. The subject of this paper is the virtual space, its economic power and its correlation with the classical economic environment. Virtual space is being promoted day by day as virtual reality, and its expansion is increasing enormously, so the ability of companies to take advantage of this space becomes an intensifying challenge because integrating into it changes the picture of the new economy, that is, it is becoming an electronic economy. The analytical method is used throughout the research because the formulation of the conclusions derives from the analysis of the problem - the virtual space and its economic power.

Keywords

• cyber space
• information exchange
• cyber performance