Advantages of E-Commerce to Society and Nation

Advantages of E-Commerce to Society

The following are some of the advantages that e-commerce offers to the society.

1. Provides job opportunities

E-commerce bridges the gap between the job seekers and job givers in the society. Human resources are able to get themselves placed in any organization by posting resumes through internet, Some organizations also permit people to work from their home. E-commerce through internet provides a global wide network to identify and train human resource too.

2. Promotes cordial relationship

E-commerce enables people to send gifts, greetings and gift vouchers to friends and relatives anywhere in the world. This promotes cordial relationship between and among individuals in the society.

3. Provides a wealth of information

People through internet are able to access any information, say from tourism to financial products. Access of global information at lower cost, just by click of a button enhances the knowledge of the people and helps them to transform into a part of a knowledge-based society.

4. Provides Entertainment

E-commerce helps people to download music, videos and go through latest updates and reviews. It permits people to book tickets to the movies online.

5. Less pollution

People can buy any product or service from any location through internet without traveling from their respective home or workplace. Business associates can contact each other from their locations. It reduces traffic and reduces air pollution and contributes to lessen global warming.

6. Online education

E-commerce enables the students’ community to learn and acquire knowledge through online. Students can complete assignments and download information at anytime. Discussions with the tutors and with other students can take place with the help of internet.

Students can enroll themselves in any online educational institution and acquire global exposure at a lower cost. Online education gives an opportunity for every student to participate in virtual classroom without considering their status, gender and role differences in the society.

7. Health care

Medical care and counseling are also provided through internet to the needed people. Doctors and nurses can get professional information and update themselves with the latest health care technologies through internet. This equips the doctors to provide good health care to their patients at a lower cost.

Advantages of E-Commerce to Nation

The following are some of the advantages that e-commerce offers to the Nation..

1. Reduces regional imbalances

Developing countries provide several tax concessions for setting up call centers in remote and rural areas. Call centers provide a lot of employment opportunities. The revenues generated by the nation are allocated towards the development of infrastructure in the rural areas. It brings balanced regional development in the developing countries.

2. Reduces unemployment

Business organizations require talented human resources to develop and maintain the website of their business. Though business processes are automated, business organization require people to attend to customer queries. The establishment of call centers in developing countries reduces the unemployment problem of those countries.

3. Economic development

Business organizations are able to attract customers from anywhere in the world. Increase in customer base results in increased production. This generates greater revenues to the organizations and fosters expansion in national income. Expansion of national income and increase in the volume of production and services accelerate economic growth.

4. Availability of goods

Through internet people can buy goods from anywhere in the world. The goods which are not available locally can be purchased from any part of the world. The needs of the customers are met by accessing the internet. So, business organizations cannot ride on customers by citing shortage of goods in the local market as the reason.

Leave a Reply

Recent Posts

Related pages

types of nonprobability samplingthe essentials of a valid contractcontents of audit programmematrix organization disadvantagesexpressly declared void agreementsexamples of socialisationppt on indian stock marketformula for acid test ratioimportance of sole proprietorshipindian contract act bare actrbi definitionmeaning of wagersrule of privity of contractexample of a conglomeratedischarge of a contract by frustrationaccounting petty cashover absorption of overheadsdisadvantages of absorption costingstraight numeric filing systemcomparative and common size balance sheetdefinition of project appraisalbudgeted cash receiptsadvantages and disadvantages of delegation in managementdefine indisciplinepenetration pricing advantages disadvantagescredit rating icraadvantages of a capitalist economyoverhead cost definitiondefine judgemental samplingsubstandard assettypes of losses in marine insurancewhat is a promisorcost audit meaningsocialism disadvantagessales forecasting meaningmeaning of departmentationwhat does bailee meanlist of merchant bankerscapital budgeting decisions examplesdefine caveatscost variance definitionmanagerial accounting toolsvarious functions of rbioffice stationeriesbills receivable and bills payable meaningfranchising meaningmethods of depreciation of fixed assetsbenefits of international retailingadvantages of systematic random samplingdefinition of shares and debenturesformula payback periodtypes of consumer buying behaviorautocratic leadership in sportdirect labor cost variance formulawhat does vouching meangross margin absorption costinglimitations of absorption costingcaveat usagemeaning of facility layoutadvantages and disadvantages of quota sampling methodadvantages of unrelated diversificationguidelines issued by sebiprofitability ratio analysis interpretationsample of hire purchase agreement formunderwriters meaningthe most difficult part of the capital budgeting process isrupee equal to dollarcheque alterationdisadvantages of income statementmarine insurance clausesadvantages and disadvantages of the imfjudgemental sampling examplewhat is bill of lading in international tradestock exchange dealingsinternational retailing definition