The Impact of E-Commerce in Bangladesh

Abstract

This paper examines the impact of e-commerce in Bangladesh. It tries to depict the current scenario, facilities and impact of e-commerce in Bangladesh. This research paper has been prepared by analyzing various research studies done on e-commerce. The internet has opened a new window of business platform, commonly known as e-commerce. The term e-commerce on electronic commerce includes online transactions. Not only large enterprises but also small and medium enterprises have adopted e-business platforms in Bangladesh. Bangladesh has great potential to develop e-commerce. To expand e-commerce, the government has taken various measures to provide various facilities. The opportunity to improve business structure and increase productivity using e-commerce in developing countries is huge. Compared to developed countries, the productivity of e-commerce is stronger in developing countries. The simultaneous movement of many sectors towards e-commerce can increase the influence of e-commerce. E-commerce impacts on business costs and productivity. E-commerce has an opportunity for mass adoption due to its simple applications. So, it has a huge financial impact. It offers the opportunity to "cross borders" as new entrants, business models, and technological changes break down the barriers that separate one industry from another. It increases competition and innovation, which increase overall economic efficiency.