Introductory Aspects
1.1 Background of the Study
Electronic commerce over the Internet is a new way of conducting business. Though only three years old, it has the potentials to radically alter the economic activities and the social environment. Already, it affects such large sectors as communications, finance and retail trade (altogether, about 30 per cent of GDP). It holds promise in areas such as education, health and government (about 20 per cent of GDP). The largest effects may be associated not with many of the impacts that command the most attention (e.g. customized products, the elimination of middlemen) but with less visible, but potentially more pervasive, effects on routine business activities (e.g. ordering office supplies, paying bills, and estimating demand), that is, on the way businesses interact. I feel very interesting to make report on such a nice topic is the partial fulfillment of BBA program as assigned by my honorable supervisor and my report is titled “The economic impact of e-commerce in developing country like Bangladesh”.
1.2 Objectives of the study:
To know the drivers of e-commerce in developing countries
To know the significance of e-commerce in the global business
To know the social impact of e-commerce in developing countries
To know the economic impact of e-commerce in developing countries
To finding out the problems faced with e-commerce in developing countries
1.3 SCOPE OF THE STUDY:
E-commerce includes online credit card transactions, e-cash, e-billing, e-cherubs, electronic invoices, purchase order and financial statements. These factors nowadays used in the developing countries which can significantly impact the economy and so studying such matters provide me idea to analyze at the contributing factors of the economy. E-commerce is the process of managing online financial transactions by individuals and companies. This includes business-to-business (B2B), business-to-consumer