What is e-commerce, Microeconomics

Assignment Help:

E-COMMERCE ?

Electronic commerce or e-commerce refers to a large range of online business actions for  services and  products. It in addition pertains to "any type of  business transaction in which the parties cooperate electronically rather than physical exchanges or direct physical contact."

E-commerce is generally related with buying and selling over the Internet, or conducting any deal involving the transfer of rights or ownership to use services or goods via a computer-mediated network. Though accepted, this definition is not inclusive enough to capture recent developments in this innovative and new business fact. A more complete description is: E-commerce is the make use of electronic communications and digital information processing technology in business transactions to transform, create and redefine relationships for value formation between or among organizations, and between individuals and organizations.

International Data Corp (IDC) estimates the value of international e-commerce in 2000 at US$350.38 billion. This is projected to scale to as high as US$3.14 trillion by 2004. IDC also predicts an raise in Asia's percentage divide in worldwide e-commerce revenue from 5% in 2000 to 10% in 2004 (See Figure).

504_e commerce.png

Figure : Worldwide E-Commerce Revenue, 2000 and 2004 (as a % share of each country/region)

Asia-Pacific e-commerce revenues are projected to rise from $76.8 billion at year-end of 2001 to $338.5 billion by the end of 2004.


Related Discussions:- What is e-commerce

Equilibrium, Equilibrium is explained as follows: Equilibrium is the st...

Equilibrium is explained as follows: Equilibrium is the state in which there are no shortages and surpluses; or we can say that the quantity demanded is equal to the quantity s

Market intervention by government, Market intervention by government Gover...

Market intervention by government Government intervenes in various degrees in different countries. Free economy is almost non-existent in the modem world. In real world, the form,

Shares and slavery, Shares: Financial assets that represent ownership of a ...

Shares: Financial assets that represent ownership of a small proportion of total equity (or net wealth) of a corporation. Shares can be sold and bought on a stock market. Slaver

Cost curves, what are the various types of cost curves?

what are the various types of cost curves?

Interest rate dertemination, to what extent are interest rates determined b...

to what extent are interest rates determined by the economic theory

Define the effects of monopoly, There are various implications of the monop...

There are various implications of the monopoly model; many of which lead to criticisms of monopoly on issues of both technical /allocative efficiency.  The prices and output verifi

Demand for risky assets, Demand for Risky Assets *  Assets - Somethi...

Demand for Risky Assets *  Assets - Something which provides a flow of money or services to its owner. -  The flow of money or services can be explicit or implicit . *

Economics, What are the factors that producers in the society may take into...

What are the factors that producers in the society may take into consideration when deciding on the what to produce,how to produce and for whom ?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd