Essay on E-Commerce

The electronic commerce, which is conducted over the Internet, is a new mode of running business. Despite the fact that it is only a few years old, this industry has a lot of potential to drastically change the economic activities and as well as the social environment. It has already began to show its mark on the various other segments of the economy such as the large sectors like communications, finance and retail trade, which accounts on the whole, around 30 per cent of the GDP.

E-commerce holds tremendous promise for areas like the education sector, health and government sector, which accounts in total for around 20 per cent of GDP. The principal effects of e-commerce may be connected not with a lot of the impacts that demand the most attention, such as the customized products, the elimination of middlemen, however, with less visible, but potentially more all-encompassing, effects on the customary business activities like the ordering office supplies, paying bills, and estimating demand forecasting. To sum it all it will have a direct impact on the manner in which businesses interact with their environment.

Growth in the Internet has hosted computers and also resulted in major e-commerce developments. Moreover, a combination of various regulatory reforms and numerous technological innovations has facilitated e-commerce to develop as it has. Although the predecessor of the Internet materialized in the late 1960s, Internet e-commerce primarily took off when the World Wide Web arrived on the technological scene and also with the advent of browsers in the early 1990s and the liberalization of the telecommunications sector; e-commerce got a boost. Another reason that can be contributed to the evolution of e-commerce are the innovations that to a great extent expanded the volume and capacity of communications flow, such as the optic fiber, digital subscriber line technologies, and the satellites.............

ESSAYS ON TECHNOLOGY