Impact of Ecommerce on Global Economy in Developing Countries - Research Paper by Angelineseah1

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Impact of Ecommerce on Global Economy in Developing Countries Essay

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Impact of ecommerce on global economy in developing countries


Introduction

E-commerce is the process of managing online financial transactions by individuals and companies. This includes business-to-business (B2B), business-to-consumer (B2C) and business-to-government (B2G) transactions. The focus of e-commerce is on the systems and procedures whereby financial documents and information of all types are exchanged. This includes online credit card transactions, e-cash, e-billing, e-cheques, electronic invoices, purchase order and financial statements.

An internationally agreed working definition of e-commerce accepts three dimensions as part the process. These dimensions relate to the: Networks over which the relevant activities are carried out; Processes that ought to be included within the general domain of electronic commerce; and Actors involved in the transactions.



Networks are specified through broad and narrow definitions.The broad definition considers goods and services are ordered over electronic transactions, whether between business, house holds, individuals, Governments, and other public or private organizations, but the payment and the ultimate delivery of the good or service may be conducted on- or offline.

The narrow definition considers goods and services are ordered over the internet whether between business, house holds, individuals, Governments, and other public or private organizations, but the payment and the ultimate delivery of the good or service may be conducted on- or offline.
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E-commerce is often described as being one of three varieties – business-to-business (B2B), business-to-consumer (B2C) or business-to-government (B2G).
Most of statistics has focused on this two. About 80 per cent of the total value of electronic commerce in the world today are accounted for by B2B e-commerce. B2C e-commerce has the potential to substantially affect the way in which people live and interact with each other and is therefore a...

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"Impact of Ecommerce on Global Economy in Developing Countries". Anti Essays. 23 Nov. 2017

<http://anties.wressy.com/free-essays/Impact-Of-Ecommerce-On-Global-Economy-761572.html>

APA Citation

Impact of Ecommerce on Global Economy in Developing Countries. Anti Essays. Retrieved November 23, 2017, from the World Wide Web: http://anties.wressy.com/free-essays/Impact-Of-Ecommerce-On-Global-Economy-761572.html