1. Features of New Economy
The new economy possesses among others, the following features.

2. The new economy possesses among others, the following features.
Work force: The work force is not gender biased and it comprises a high proportion of skilled professionals.
Success Measure: Not necessarily by profit but achievement like inventions, concepts and ideologies.
Key Economy Devices: Innovative, Entrepreneurs' knowledge based firms.
Decision making: Shared employee empowerment self leadership.
Pace of business: Appreciably faster with ever rising customer expectations.
Teaming up with other firms to add complementary resources.
Time, space and distance are irrelevant.
There is no gender bias in the work force but a high proportion of graduates.
Economic development is volatile , and experience rapid changes.
It is a digital economy.
There is shared leadership: Employee empowerment and self leadership.

3. Limitation of the old economy.
The following are some of the limitations of old economy.
The scope of competition is local.
The market expansion is slow.
Lack of digital knowledge and concepts.
Slow growth in the economy as it is labour-based.
High cost of communication.

4. Benefits of the new Economy.
The new economy can be categorically stated to have the following major benefits.
Knowledge driven.
Creation of new jobs among others.
It is a digital world, there is high digitalization of technologies.
Teaming up with other forms to complementary resources.
Time, space and distance irrelevant to activities due to ICTs.
There is low capital to start business.

5. Assignment State five features of new economy.
State any three benefits of new economy.