E-Money: Affecting Canadian Commerce

Electronic currency: A study of "lost control" written by Canadian business author Kevin Kelly is an exciting explanation of the future as seen by authors, journalists and optimistic technicians. The suggested forecast, of course, must be viewed as an interesting reading designed to stimulate the future vision. For four years from the publication, Kelly's forecast proved inaccurate. The most obvious example is e-commerce. Canada is quickly becoming an e-commerce leader through online banking and direct payment purchase.

Many industries are affected by electronic commerce. As e-commerce is a way to provide and provide products and services, the distribution industry is directly affected. Other indirectly affected industries are information and communication technology (infrastructure supporting electronic commerce), content related industry (entertainment, software), and transaction related industry (financial industry, advertisement, travel, transportation). . E-commerce can also create new markets or expand the market across traditional boundaries. The expansion of the market has a positive influence on employment. Another important issue relates to the interrelationship between the activities affected by e-commerce. Expenditure on intermediary products and services related to e-commerce creates employment indirectly based on the amount of electronic transactions and the impact it has on price, cost and productivity.

E-commerce (e-commerce) has a long history. General readings articles on how e-commerce changes and affects our lives. E-commerce and Internet technology are beneficial to the organization. Over the years, e-commerce has evolved into an important channel where companies can exchange goods and services and coordinate production and market. Sluggish e-commerce activities at the end of the 20th century have led to many new business failures, but the second wave of e-commerce has emerged. The demand side is more effective. Today, organizations around the world are using e-commerce to meet the needs of communication and business.