E-Commerce and its Economic Contribution in Bangladesh

Abstract

DOI: 10.7176/RHSS/12-21-04

Publication date: November 30^th 2022

Introduction

E-commerce is the online transfer of money and data to buy or sell goods. Economic output growth is the rise in commodities and services over time. Inflation may be nominal or real. Gross domestic product has been used to quantify economic growth historically.Bangladesh's urbanization and economicgrowth accelerated in the 2000s. This changed the food industry and diets. As the web-based company sector increases, another difficulty is Bangladesh's rapidly expanding online-to-offline (O2O) food delivery market. Development and effect of the direct-to-customer food transport businesses are limited. This article presents a wonderful viewpoint on the new business opportunities and obstacles in the food market, as well as the wellness effects of connected behavior changes and its wider societal influence.

E-commerce is global and it is vital to developing-countries’ economy. There have been various studies on e-commerce originality, but less on government electronic payments as part of existing or innovative payment agenda. In today's multinational commercial center, customer reliability is prized. Today's clients want more than a good deal; they want useful, trustworthy innovation. Several Bangladeshi internet businesses use data and communication technology to enhance service delivery. Money has been spent on self- and virtual web-based company frameworks to increase customer service. It also suffers from Asia's lack of a broadcasting basis. Slow product delivery is caused by helpless online infiltration, a lack of awareness among workers, a lack of resources to deal with installments, and slow product delivery. Bangladeshi banks have invested much in technology to keep up with global developments and enhance service delivery. They've used electronic and telecom networks to provide a variety of valuable goods and services. Unlike earlier, when record cards were used, internet business is now linked to PC organizations, simplifying bank/between branch banking exchanges. The introduction of mobile phones in 2001, as well as greater access to PCs and Internet administration offices has all boosted online commerce.