Final answer:
The future of e-commerce will likely involve more rather than less government regulation due to globalization and technological advances that have broadened the definitions of markets. The market revolution indeed caused significant social and economic changes in America, confirming that the statement is true.
Step-by-step explanation:
The statement that the future of e-commerce is likely to include a decrease in government regulation both in the United States and worldwide can be considered false. In the face of globalization and the rise of new information and communications technology, markets have significantly expanded. Consumers can now order products from anywhere around the globe, leading to an increase in global competition. This expansion of markets often calls for more, not less, regulation to manage the complexities of international trade, protect consumers, ensure fair competition, and maintain data privacy.
In relation to the statement that the market revolution brought many social and economic changes to the United States, this is indeed true. The market revolution was a time of significant economic expansion, improvements in transportation and communication networks, and changes in social patterns. These changes fundamentally restructured the American economy and had lasting effects.
Antitrust authorities are now likely to use broader definitions for markets due to globalization and new technology, which enable businesses to operate and compete on a global scale. Barriers that once defined and limited markets are fading, thus redefining what constitutes a market for regulatory purposes.