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The net economic effects of e-business payment gateway for college By kabir khan

  in Business | Published 2015-02-17 11:51:18 | 88 Reads | Unrated

Summary

The discussion in relation to email shows, working out the net economic effects of e-business payment gateway for college is difficult, even at the firm level, let alone at the international level, between countries.

Full Content

Those who claim that ICT and e-business technologies are less than utopian (such as writer Nicholas Carr) are commonly derided  This chapter reviews the economic arguments for the particular contribution that e-business makes to growth and productivity. It explores the consequences of e-business technologies for the global economy. It identifies some of the microeconomic issues generated by e-business and the consequences for businesses payment gateway for school and individuals

It has been consistently suggested that the be

nefits of appropriate ICT investment in general are potentially huge, leading to lower transaction costs, higher productivity, and the enhanced capability for innovation and revenue growth Some of the economic evidence for the more general scale and contribution of e-business technologies and ICT more generally within the UK as at 2007 . But the precise process is still relatively poorly understood and the appropriate measurements difficult to make. In addition, different countries have invested in ICT and e-business technologies at different rates and this may have affected the extent of any benefits they are able to achieve. For example, research by economists continues to show that there has been greater investment in and diffusion of e-business technologies through the US economy than through many European economies.  Demonstrated this in terms of the differing 'e-readiness' of particular countries.

Research undertaken in the UK in 2005 also showed that there were apparently measurable effects of e-business not just in terms of productivity but in respect of value added for sales and purchases by manufacturing firms as well A positive 4 per cent increase in value added for e-buying firms was partially offset by a 3 per cent reduction for firms involved in e-selling. This net effect makes sense if we assume that e-business makes markets more transparent, so that e-buying firms in particular benefit commercially from better pricing information:

'The essential feature of e-commerce, the electronic transaction, can be completed for a much lower cost than a face-to-face transaction or processing of voice orders over the phone or written orders sent by email or fax. Switching to e-commerce has cut average transaction costs for BT from $113 to $8.'  

But, as the discussion in relation to email shows, working out the net economic effects of e-business payment gateway for college is difficult, even at the firm level, let alone at the international level, between countries. One of the major features of US economic growth in the last few years has been an extraordinary growth in labor productivity, following an earlier period of relatively slower growth.

This most recent spurt has apparently been unaccompanied by any capital deepening. Major recent productivity gains have been focused on services, especially retailing. Explaining the resolution of this apparent paradox (often called the 'Solow paradox' is one of the key components in explaining any apparent gap in productivity growth between the US and Europe, since we know that capital substitution for labor has an important effect on productivity, and ICT-using firms, notably retailers, have made significant ICT investments in both regions. There are three reasons in particular why we may find it especially difficult to establish the real economic benefits of e-business:

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Feepal  is the fastest growing online community for   payment gateway for school Relevant and Much needed information about including latest news about online payment and payment gateway  for college Current Affairs and CSAT is updated on a regular basis

 

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