Economy
An economy of a
country is production, distribution, exchange, and consumption of goods and
services. An economy
consists of the labor, capital and land resources.
Digital
Economy
A digital economy is an economy that is based on
electronic. The Goods and services produced by an electronic business
and traded through electronic commerce.
With growing population and resource mobilization, digital
economy is not limited to business trading and services, it encompasses every
aspect of life from health to education and from business to banking. Further
while everything is happening on digital medium and communication with
government.
eGovernment is already playing its part in this digital
economy by providing eservices through various ministry/department to its
eCitizen.
New business
methods in Digital Economy
Auction
An auction is a process of buying and
selling goods or services by offering them up for bid, taking bids, and then
selling the item to the highest bidder. In economic theory, an auction may
refer to any mechanism or set of trading rules for exchange.
There are several variations on the basic auction form, including
time limits, minimum or maximum limits on bid prices, and special rules for
determining the winning bidder(s) and sale price(s). Participants in an auction
may or may not know the identities or actions of other participants. Depending
on the auction, bidders may participate in person or remotely through a variety
of means, including telephone and the internet. The seller usually pays a
commission to the auctioneer or auction company based on a percentage of the
final sale price.
Reverse Auction
A reverse auction is a type of auction in which the roles of buyers and sellers are
reversed. In an ordinary auction (also known as a forward auction), buyers
compete to obtain a good or service, and the price typically increases over
time. In a reverse auction, sellers compete to obtain business, and prices
typically decrease over time.
E-Marketplace
Commonly known as
electronic marketplace, an e-marketplace is a virtual market where Buyers and sellers meet just like in a
traditional market just that in this case, all interactions are done virtually.
E-marketplace includes b2b, b2c, c2c etc.
Example B2B e-Marketplace is
Business-to-Business e-marketplace
Business Model
The business model is simply a working
description that includes the general details about the operations of a business. The components that are contained within a business model will address all
functions of a business.
A business model describes the rationale of how an organization creates, delivers, and captures value - economic, social,
or other forms of value. The process of business model design is part of business strategy.
There are three type of business
models.
— Pure
Brick
— Brick
and Click
— Pure
Click
Bricks and clicks is a business strategy or business
model in e-commerce by which a company attempts to
integrate both online and physical presences. It is also known as
Click-and-mortar or clicks-and-bricks.
For example, an electronics
store may allow the user to order online, but pick up their order immediately
at a local store. Conversely, a furniture store may have displays at a local
store from which a customer can order an item electronically for delivery.
Pure Brick
In the pure brick organization
used only offline method for buying and selling process.
Pure Click
In the pure Click organization
used internet for buying and selling process.
In this method, customers used to credit card to buy goods and service.
Example 1: To buy an Anti Virus software using internet.
Example 2: www.ebay.com
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