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The Economics of E-Commerce
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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The Economics of E-Commerce "In the good old days, business was pretty simple. I had a pig, you had some wool; we showed up at the market and haggled, then I went home to knit a cardigan while you cooked up some BBQ. Nowadays we don't have to show up at the market, and we don't even need physical goods or currency to conduct business. Electronic commerce is the most recent step in the evolution of business transactions. It replaces the swapping of money or goods with the exchange of information from computer to computer." (Slate) Computer today is not only for the communication of people but also for business. Internet is the tool used by business in term of electronic commerce. In the paper I will try to state how e-commerce influences business in the new world with the fast growing of the Internet technology and how the economics...
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