The Impact of eCommerce on The Global Economy

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The Impact of eCommerce on The Global Economy

  1. 1. The Impact of E-Commerce on the Global EconomyWhen we consider the impact of ecommerce on the global economy itis said to be very influential and far reaching. Ecommerce is one thathas a profound and radical effect for businesses that is located all overthe world. It is more powerful than the traditional resources that wereadopted by businesses all over the world. With the aid of ecommerce itis possible for people to shop online from their comforts of their homeirrespective of the geographical location. Ecommerce has been able toremove the geographical barriers successfully and helped customers tocome into contact with vendors without hassles.The impact of ecommerce is one that has bought in a drastic change inthe traditional market. It is one that has been welcomed with openarms as it has clicked immensely for many businesses and now most ofthe businesses that exist without ecommerce cannot exist. Ecommercehas also helped many small businesses as they no longer require tohave a physical office that caters to a particular geographical location.The impact of ecommerce on the global economy is so immense thatthe targeted audience can be reached without wasting time andeconomic resources. The target market is easily reached with the aid ofeffective internet marketing techniques.The impact of ecommerce on the global economy has influencedeverything right from the production to the service levels that manycompanies are able to do business with. This change is a very significantone and it is here to stay. With ecommerce these businesses are facedwith the main challenge of having to stay ahead of their marketcompetitors with the shifts in technology. They should be able toembrace and wield the power of marketing successfully to theiradvantage so that have the edge in market competition.
  2. 2. The impact of ecommerce on the global economy has also affectedcountries that are not so economically sound and it has acted to takethem to the forefront on international trade and commerce.Ecommerce crosses all economical and political barriers and this in turngives rise to more effective marketing techniques that has the ability topenetrate all barriers. Ecommerce carries with it a number of benefitsand it has worked wonders for both small and big businesses alike.With ecommerce techniques companies have enhanced sales andincreased profits. It is a technological boom and here to stay for a verylong time!Articles by Malaysia eCommerce: http//www.sellonline.my/

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