Impact of E-Commerce on Economy
Abstract
Business and economy are inextricably linked with the development and implementation of new technology. While e-commerce clearly has a positive impact on the business sector, doubts have been raised about its impact on the macroeconomic growth and development. Impact of Internet and e-commerce on business industrialized, and to a limited extent, in less industrialized countries, has been extensively discussed. There are very few studies which have focused on the impact of internet and e-commerce on the economic activities. In fact, this domain of Internet activity has received relatively little attention. Therefore, it has become pertinent to analyze the implications of e-commerce and internet on the economy. The present paper aims to study the economic implications of e-commerce. Impact of e-commerce on the different segments (intermediation process, agriculture, labour market, transportation, taxation, cost price and competition, monetary system) of economy has been studied in this journal. In the end of the journal, concluding remarks are given.
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