Comparative Analysis on Matters Affecting the Global Economy A Case Study of E-Commerce Business

Abstract

Electronic commerce (e-commerce) is generally viewed as the buying and selling of products over the internet, however, any transaction that is concluded exclusively through electronic means can be regarded as e-commerce. E-commerce may have great economic impacts in subsequent times. Internet commerce will transform the physiognomy of business endlessly. Furthermore, it has impacted the information technology (IT), electronic, social, and e-commerce has increased the productivity development globally in the recent times. The effect of e- commerce on developing economies for curtailing in competencies for trading and to enhance productivity in terms of economies with competitors globally. There are several measures to expedite the increase of productivity by reducing costs, enhancing competencies, and curtailing time and distance, e- commerce could emerge as a significant device for growth and increase in all sectors. Frameworks for information security is clearly applied to the features that affect e- commerce that incorporates computer security, data security, and other broader compass of the information security framework. E-commerce security possess its own particular distinctions and is one of the topmost visible security features that affect the consumer through to acquire e- business finance and value investment, globetrotting, and its internet embodiment.