Reading Comprehension

easy
0/15 answered
Q1

Passage: The digital economy has fundamentally transformed how businesses operate and how consumers interact with markets. E-commerce platforms have revolutionised retail, enabling consumers to shop from anywhere at any time, while digital payment systems have reduced dependence on physical currency. The gig economy, characterised by short-term contracts and freelance work rather than permanent jobs, has created new opportunities for workers seeking flexibility but has also raised concerns about job security and benefits. Tech giants have emerged as dominant players, wielding significant influence over markets and consumer behaviour. Critics argue that these companies have accumulated too much power, potentially stifling competition and innovation. Meanwhile, the data economy has made personal information a valuable commodity, prompting debates about privacy and data protection. Regulations like the European Union's General Data Protection Regulation represent attempts to balance innovation with individual rights in this new economic landscape. Question: What is the main idea of the passage?

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