What is the digital economy?

The digital economy is an economy that is mainly engaged in the production and sale of electronic goods and services of companies that operate in a virtual environment and provide these goods and services through electronic trade. This concept is widely applied to companies offering electronic or digital products online, with the purchase, processing and provision of these goods and services made by downloading or providing access to the services located on the remote server. The idea of ​​the digital economy has begun to appear in the last years of the 20th century because the technology has paved the way for more and more electronic stores that will be held online, including the delivery of software and e -Knih withdrawal after remuneration of online payment for these products.

One of the main focal points of the digital economy is the quick and easy provision of services viainternet. INIn recent years, electronic supplies have become increasingly popular in many fields. One common example has to do with reading material. In response to the growing number of people who use devices prepared on the Internet to read the text of various novels or textbooks, launched a growing number of suppliers of virtual bookstores that allow consumers to go through the offered selections and purchase electronic copies of these texts. The payment is portrayed by a secure process on the web and the consumer can download the text to the device of its choice.

One of the advantages of the digital economy is that consumers are often able to obtain products at lower prices than their counterparts with a printed copy. For example, the electronic version of the new novel can be 25-50% cheaper than buying a printed copy of the book. Similarly, lovers' music can buy the latest editions from their favorite artists for less than the cost of Purchasing CD at a local brick and mortar music store, or even buy a CD with a printedcopies online and have it delivered by mail. Some sites participating in this digital economy settings even allow consumers to buy individual songs by their favorite artists and download them for nominal fees for the song.

In recent years, the concept of the digital economy has begun to branching outside the store and selling electronic products online. Today, this idea also includes the use of virtual processes in the ongoing operation of companies, internal functioning of governments, and fast and efficient transactions between enterprises. Since the technology continues to proceed, the digital economy is likely to continue to expand, as a larger range of goods and services will be offered electronically, allowing consumers to meet their needs and wishes for an accelerated rate.