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

MIF, What is the purpose of the IMF and why might the IMF be called the “le...

What is the purpose of the IMF and why might the IMF be called the “lender of last resort”? Discuss how three of the tools they use for establishing economic stability in a country

Total, Compare and contrast the different measures of revenue

Compare and contrast the different measures of revenue

The demand for big mac, illustration for demand of big macs using indiffere...

illustration for demand of big macs using indifference curve and budget line

Explain decision-making and characteristics of speculative, Consumers purch...

Consumers purchase a house or multiple dwellings for a number of reasons. But what is the rationale behind their decision to buy and/or sell a house, flat or apartment? Do consumer

Law of demand, identify any four other law of demand and give examples

identify any four other law of demand and give examples

Aaa, Ask quesIn your own words describe how a market would adjust in situat...

Ask quesIn your own words describe how a market would adjust in situations of: a) Excess Demand b) Excess Supply c) Equilibrium As a follow up you might think about what effects

Concept of stock replenishment, Concept of Stock Replenishment  This c...

Concept of Stock Replenishment  This concept assumes that stock is always available whether there is demand or not. Consider the demand for constituent items, such as componen

When does deadweight loss occur to society, When does deadweight loss occur...

When does deadweight loss occur to society? Applying consumer and producer surplus the efficiency costs of a tax: A tax causes a deadweight loss to society, since less the g

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