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

Demand , Why demand curve is always negative and write its effects.

Why demand curve is always negative and write its effects.

Exchange, three marginal conditions of pareto optimality

three marginal conditions of pareto optimality

Exceptional demand, how to differentiate the exeptional demand and excepti...

how to differentiate the exeptional demand and exceptional supply?

Determine the solution of the homogeneous system, The reduced row echelon f...

The reduced row echelon form of  A=    is equal to R = (a)  What can you say about row 3 of A? Give an example of a possible third row for A. (b)  Determine the values o

#syndicated oligopoly, Could I have examples of syndicated and organized ol...

Could I have examples of syndicated and organized oligopolies with companies as examples

Double jeopardy, Double Jeopardy A condition where an entrepreneur's m...

Double Jeopardy A condition where an entrepreneur's main source of income and net worth depend on the entrepreneur's organization.

Illustrate the content in the rational consumer, Illustrate the content in ...

Illustrate the content in the rational consumer? Content in the rational consumer: a. How to spend income onto goods and services? b. Why maximizing usefulness? c. Wh

Consumer surplus, using necessary and sufficient condition explain consumer...

using necessary and sufficient condition explain consumer surplus diagrammically and mathematically?

What is meant by the identification problem, 1. What is simultaneous biases...

1. What is simultaneous biases? Discuss the cause of ednoginity in regression analysis. 2. Explains concisely what is meant by ' the identification problem'' in the context of l

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