Electronic commerce is a contemporary way of doing business where commercial transactions are effected through the internet. Technology has been embraced in the commercial sector, and different enterprises are not willing to be left behind. E-commerce extinguishes mundane issues in a business like time and distance. You are thereby able to transact at any time with businesses in different parts of the world. When you visit it is discernable that , in the recent past, the number of businesses on the e-commerce platform has grown substantially.
It is of great importance that developing countries integrate electronic commerce in their economies in order to compete effectively with the rest of the world. To effectively integrate e-commerce, developing countries must first develop their information and communication technology (ICT) because the two work inseparably. The global market dictates that economies are adaptive to these current trends or risk seclusion and collapse. E-commerce can effectively break down borders to allow increase international trade and investments. Evidently the benefits of e-commerce to developing nations are enormous and the basic ones are discussed as follows;
Access to information
The internet is commonly known for its ceaseless pool of information. In business, there are various facets … Read the rest