Group: di 11-22 Passed
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THE HISTORY OF DIGITAL ECONOMY Group: DI 11-22 Passed: Asadbek Berdiraxmatov Accepted: Zebo Yaxshiyeva THE DIGITAL ECONOMY The digital economy is the worldwide network of economic activities, commercial transactions and professional interactions that are enabled by information and communications technologies (ICT). It can be succinctly summed up as the economy based on digital technologies. Don Tapscott first coined the term digital economy in his 1995 best-selling book The Digital Economy: Promise and Peril in the Age of Networked Intelligence. However, economists and business leaders assert that the digital economy is more advanced and complex than the internet economy, which, under one definition, simply means economic value derived from the internet. The digital economy uses these technologies, both individually and in concert, to rework traditional exchanges and enable new ones. ENTREPRENEURS IN THE DIGITAL ECONOMY NUMEROUS ENTREPRENEURS SEIZED ON THE TECHNOLOGIES THAT FUEL THE DIGITAL ECONOMY TO CREATE NEW COMPANIES AND NEW BUSINESS MODELS THAT COULD NOT HAVE EXISTED, OR EXISTED AT THE SIZE AND SCALE THEY DO TODAY, IN PAST GENERATIONS. The future of work, especially since the COVID-19 pandemic, is also contributing to the digital economy.[4] More people are now working online, and with the increase of online activity that contributes to the global economy, companies that support the systems of the Internet are more profitable. According to the WEF, 70% of the global economy will be made up of digital technology over the next 10 years (from 2020 onwards). This is a trend accelerated by the COVID-19 pandemic and the tendency to go online. Definition The Digital Economy also referred to as the New Economy, refers to an Economy in which digital computing technologies are used in Economic Activities.. More recently, "digital economy" has been defined as the branch of economics studying the movement of "zero marginal cost intangible goods" over the internet. DIGITAL ECONOMY CONVENIENCE ASPECTS OF THE DIGITAL ECONOMY Document Outline
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