Published - Sun, 20 Mar 2022
It is the time when every one of us is looking for a prosperous career path. In the past, we were having multiple options available in traditional ways. But with time we have faced constraints in resource allocation. It is because of the extensive use of resources. However, resource depletion opens up concerns for future generations. Moreover, we couldn’t find a solution yet. Isn't it? No! The answer is quite simple: we can still find a gap where the resource can be utilized more efficiently.
In the current scenario, we do have multiple domains available which can be useful for resource allocation. Ecommerce is the best solution to utilize resources efficiently. The question that arises here is how it could have been possible? To answer this question, let’s have a decent understanding of ecommerce first. Ecommerce is the digital way of trading, mainly buying and selling products using digital sources as the market medium. However, this way of trading can easily be available for buyers and sellers sitting anywhere around the globe. Now it is easy for everyone to participate in business activities without exploiting the resources. The question here is how we can attain efficiency in resource allocation using Ecommerce? The answer has twofold dimensions according to resource type.
Firstly, capital has a vital role in running a business, and Ecommerce could help utilize the natural and money capital efficiently. As we know that natural capital comes from natural resources, it is important to observe that natural resources are limited therefore, Ecommerce is the source of earning where there is less probability of the need for these resources, it does not require a big building, land, working labor, huge amount of electricity or natural gas and other equipment, that is primarily required in traditional businesses. Furthermore, we usually face constraints in generating the financial capital required for starting traditional businesses. However, the solution could be found in Ecommerce industries where we do not need a huge amount of money capital. An Ecommerce business could start with a very small investment. So, everyone could enjoy the fruits of entrepreneurship.
Secondly, Ecommerce is a sustainable source of earnings as it has net present value and approximate future value. If one starts an Ecommerce business he or she may be able to earn the benefits for a long time. It also has a future way forward as there is no limit to digital resources so the future generation could get its benefits. Moreover, Ecommerce is a vast field with multiple dimensions and still many things are getting discovered with time. It could be worth saying that Ecommerce is a future-oriented career opportunity. So, opting for Ecommerce as a career path could be a long-term sustainable earning source. It is now necessary to know that Ecommerce is the future so what do we need to do? We have to move toward digital ways of earning and out of that Ecommerce is the best choice. Let’s visit a few of the Ecommerce statistics as you can see approximately 768 Billion USD revenue was generated in the USA from retail Ecommerce in 2021. Similarly, 4.9 Trillion USD revenue was generated worldwide in the same period. However, future forecasts represent a 50 percent increase by 2025.
It is concluded that Ecommerce is the best income source which is also a useful and sustainable approach. It helps in generating income opportunities while using the natural and money capital efficiently. Its multi-dimensional approach could be useful for future generations as the digital business could excel with the new technology. It could also help in providing a sustainable environment, as Ecommerce is a digital business and the use of land and building is not required. It is suggested that as developed countries are moving toward Ecommerce, developing countries should also move toward this sort of business activity to achieve their sustainability goals which will accelerate the economic growth and overcome their unemployment and poverty issues.
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