What is e-commerce, Microeconomics

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.

Posted Date: 10/12/2012 6:27:26 AM | Location : United States







Related Discussions:- What is e-commerce, Assignment Help, Ask Question on What is e-commerce, Get Answer, Expert's Help, What is e-commerce Discussions

Write discussion on What is e-commerce
Your posts are moderated
Related Questions
What is return on investment?   Return on investment is the profit earned by investing in some business or some project, for instance investment in stock exchange. Profit earned


The owner of the sole stage-theatre in the city of Vordervilla has found through   experience that the cost of running his 600-seat theatre remains virtually the same irrespective

Foreign investment: To attract foreign investment – Developing Plans are used as a means of attracting foreign investment or foreign aid.Foreign government and international o

Explain how a floating exchange rate works and the variables which affect the rate. Define a floating exchange rate as the price of a currency (in terms of another or basket of


Q. Level of aggregate demand in economy? Demand-pull inflation takes place when there is an increase in level of aggregate demand in economy. Aggregate demand comprises five co

how to estimate a regression model that tests for higher ability individuals get a greater return from schooling

Society of International Financial Telecommunications: The foreign exchange market operates worldwide, that is, the reach of the foreign exchange market is global. The foreign

Why government cannot print new currency to pay the debts?  When there is deficiency of internal resources then government borrow. Government can borrow either from central ban