'Commerce has become so important in recent days of demonetization replacement of currency? Explain in short.
'Commerce has become so important in recent days of demonetization replacement of currency? Explain in short.
E-commerce has become so important in recent days of demonetisation because of following benefits :
(a) No physical currency for payment is required to make payment for commerce transaction made. E-money or on-line payments are made which becomes convenient for buyers and sellers.
(b) E-commerce creates a wide market because of the wide use of internet globally, e-commerce has covered almost the entire world, so demonetisation has hardly affected business profits/operations.
(c) E-commerce not only gives facility of online payment through debit card, credit card, NEFT etc. But also inculcates a sense of financial disciplines as well as security of transactions, proving very economical in the times of demonetisation.
E-commerce has become so important in recent days of demonetisation because of following benefits :
(a) No physical currency for payment is required to make payment for commerce transaction made. E-money or on-line payments are made which becomes convenient for buyers and sellers.
(b) E-commerce creates a wide market because of the wide use of internet globally, e-commerce has covered almost the entire world, so demonetisation has hardly affected business profits/operations.
(c) E-commerce not only gives facility of online payment through debit card, credit card, NEFT etc. But also inculcates a sense of financial disciplines as well as security of transactions, proving very economical in the times of demonetisation.
