List and Describe the Three Main Categories of Electronic Commerce

question 42

Essay

List and describe the three main categories of electronic commerce.Which do you think is ultimately the most valuable to the individual consumer? Support your answer.

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Definitions:

Economic Effects

Refers to the consequences of economic policies, activities, or changes on a society, industry, or economy.

Tariff

A tax imposed by a government on goods and services imported from other countries, used to restrict imports by increasing the price of goods and services purchased from abroad.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified time frame.

Domestic Price

The price of goods and services within a country's borders, influenced by local demand and supply conditions.