The impact of e-commerce on business

Innovations promoting e-commerce include electronic catalogs and search engines for finding information

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The rise of online shopping is fueling the new economy and spurring innovation by merchant

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The trend is being driven by technological advances, social media and a desire for convenience on the part of consumer

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However, only 10% of e-commerce companies are using word-of-mouth advertising on social media platform

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Consumers are also becoming more comfortable buying things online as they become more familiar with the process

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This indicates that the use of e-commerce can significantly boost the country’s economy

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Some researchers study the impact of e-commerce on economic development in terms of both magnitude and speed

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