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Importance of e-Business To World Economy

Describe why e-Business is important to the world economy. Provide a specific example of the impacts e-Business has had.

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Let us take a particular example - air-travel and tourism conducted through the internet. Day in and day out there are more and more budget airlines appearing on the travel scene, which has made air travel a second nature for many people in the developed world. However, this is also an ominous sign towards the demise of the conventional brick and mortar nature of the travel-and-tourism industry. Before the advent of e-Commerce in the field ...

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Explains importance of e-Business to the world economy