What is the Digital Economy? An economy focused on digital technology

digital technology- is an economy that is based on electronic goods and services produced by an electronic business and traded through electronic commerce computing technologies- digital economy- commercial- social, cultural- digital communication- employ- electronic communication - goods - services- include - customer- browse- instantly- cheaply - globe- information- send- fast- automation- power- decide - output- pricing outreach-

payment- transfer- bit coin- cashless society - depends on - widespread- utilization, social media extent, use recommend witnessed enormous impact decade traditional economy  actual stores, tangible products cash transactions incorporated debit cards online sales opportunity to sell physical items broadcast

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   Complete using the correct forms of the words in the box
   

Economy/include/ rely on/term/ activity/elements/ sell/ communicate/use/ decide/ bank/ toward/ people/ social media/ social media/social media/ traditional economy/ online/products/ services/internet

What is the Digital Economy?
An 1.___________ focused on digital technology or one built on digital and computing technologies is referred to as a digital economy. It 2.__________ all commercial, economic, social, cultural, etc. activities that 3._________ the internet and other forms of digital communication.
The three primary parts of this economy are as follows:

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  E-business
  
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  Web-based business systems
  
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  E-commerce
  

The 4._____ “digital economy” describes an economic 5.________ that employs digital technologies and electronic communication to offer goods and services. The fundamental ________ of the digital economy include:

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  The Internet: Due to this, businesses may 6.______ their products, and customers can browse for anything they need.
  
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  E-mail: Electronic communication makes it possible to 7.____________ instantly and cheaply around the globe. Requests and information can be sent very fast 8.________ this method.
  

Electronic automation: Computer processing power can be used by businesses to 9.________ on output, pricing, and consumer outreach strategies.
Digital payments: include 10._______ transfers, bit coin, credit cards, Apple Pay, and Google Pay. We are heading 11._______ a cashless society thanks to the internet economy.
Automation: The digital economy increasingly depends on AI, widespread electronic data utilization, automated technology, and social media. 12. ___________ is, to a lesser extent, a component of the digital economy. 13.___________ who use it recommend businesses to one another. We have witnessed the enormous development of 14.___________ platforms and their impact on our lives over the past decade. Consumers today are impacted by what they see on 15.____________platforms like Facebook, Twitter, and Instagram, as well as other widely used websites (youtube, etc).
The traditional economy is composed of actual stores, tangible products, and cash transactions. The 16.____________ has gradually incorporated elements of the digital economy, such as traditional businesses accepting debit cards before conducting 17.__________sales.
Some businesses missed the opportunity to sell directly from an e-commerce site and deliver their 18.______________ to customers as the digital economy developed. Some digital 19. _______ no longer offer tangible products. For instance, Netflix and Spotify don’t require any physical items to function because everything is broadcast over the 20.____________.