Law of demand.
ECONOMICS an economic law that states that people buy less of a product when the price is high, and more when the price is low: This is the normal law of demand, in which the quantity of corn demanded increases as the price of corn declines.
ECONOMICS an economic law that states that people buy less of a product when the price is high, and more when the price is low: This is the normal law of demand, in which the quantity of corn demanded increases as the price of corn declines.
now next Gen economics is different from old law of demand people buy less from traditional shop & more from digitally global e shopWith annual additions of 25 million internet users, India is ahead of countries like Brazil and Russia even within the BRICS nations. India has an Internet user base of 400 million in 2016 . A statics show its growing year on year drastically & geographically from Big city to small city.
Interestingly, about 75% of online users are in the age group of 15-34 years since India is one of the youngest demography globally. "This is expected to be a continuing trend in coming years, given the age distribution in India", said D S Rawat, ASSOCHAM Secretary General. It is not surprising to see the growth among categories focused on younger audiences in the last 12 months, added the paper. The maximum online shoppers are from the 15-24 years of age group, comprising both of males and females.
Increasing internet and mobile penetration, growing acceptability of online payments and favourable demographics has provided the e-commerce sector in India the unique opportunity to companies connect with their customers.
Lets start a discussion how many business sector is best scope for digital INDIA
Interestingly, about 75% of online users are in the age group of 15-34 years since India is one of the youngest demography globally. "This is expected to be a continuing trend in coming years, given the age distribution in India", said D S Rawat, ASSOCHAM Secretary General. It is not surprising to see the growth among categories focused on younger audiences in the last 12 months, added the paper. The maximum online shoppers are from the 15-24 years of age group, comprising both of males and females.
Increasing internet and mobile penetration, growing acceptability of online payments and favourable demographics has provided the e-commerce sector in India the unique opportunity to companies connect with their customers.
Lets start a discussion how many business sector is best scope for digital INDIA
