Final answer:
Businesses use the Internet for job postings and search facilitation, consumer-commerce on a global scale, and business-to-business transactions, leading to increased market competition and a modified free enterprise economy.
Step-by-step explanation:
Businesses utilize the Internet in multiple ways, which have drastically shaped the job market, consumer behavior, and the overall economy. Job seekers benefit from the efficiency of online job searches and the networking capabilities of social platforms like LinkedIn, making it much simpler to find out about opportunities and to make professional contacts. Social networking sites such as LinkedIn are quite transformative in how people find work now.
Consumers use the Internet to purchase a wide variety of goods, from books to pet supplies, which increases competition for local retail businesses. This competition is due to the easy access of a global marketplace where business supplies can also be transacted over business-to-business websites, allowing suppliers and buyers to connect globally. These advances in communications technology and globalization have led to what we refer to as a modified free enterprise economy in the U.S., characterized by increased competition and global interconnectivity.
Moreover, the Internet has assumed a role where multimedia content is widely shared, educational pursuits transcend geographical boundaries, and governments find it more challenging to control information flow in and out of their jurisdictions, promoting a more interconnected and informed global society.