The Digital Economy refers to economic transactions that occur on the Internet.
Economic transaction simply means the transfer of goods and services money.
Over time due to the continuous evolution of technology life has become smoother.
The benefits of the digital economy are there for everyone to catch a glimpse of namely-
Increase in online businesses
Higher transparency
Easy availability of services
But it's only one side of the coin. While the advantages of the digital economy are remarkable, it is also responsible for creating some inequalities in society as well.
Unemployment
Increased cybercrimes
Lack of security
The solution to the issue of inequalities in the digital economy lies in the hands of the establishment and the users of the technology.
The government must form effective strategies in regards to educating the public & handling grievances through strings laws. Plus people should know their responsibilities and avert from taking advantage of the less informed.
