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  • E-Commerce: A Modern Form of Perfect Competition or Not

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    Pinaki Singhania
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    This document discusses e-commerce and whether it constitutes a modern form of perfect competition. It provides background on e-commerce, noting how it allows buying and selling over the internet. It also shows a graph of the growth in users reaching 50 million for different technologies. The document lists features of perfect competition that e-commerce exhibits, such as many buyers and sellers, perfect knowledge, and freedom of entry. However, it also outlines some limitations, such as not being able to physically check goods. It provides examples of products well-suited for online selling, like music and software, as well as those less suitable, like clothes and food.

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    E Commerce

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    This document discusses e-commerce and whether it constitutes a modern form of perfect competition. It provides background on e-commerce, noting how it allows buying and selling over the internet. It also shows a graph of the growth in users reaching 50 million for different technologies. The document lists features of perfect competition that e-commerce exhibits, such as many buyers and sellers, perfect knowledge, and freedom of entry. However, it also outlines some limitations, such as not being able to physically check goods. It provides examples of products well-suited for online selling, like music and software, as well as those less suitable, like clothes and food.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    9 views10 pages

    E-Commerce: A Modern Form of Perfect Competition or Not

    Uploaded by

    Pinaki Singhania
    This document discusses e-commerce and whether it constitutes a modern form of perfect competition. It provides background on e-commerce, noting how it allows buying and selling over the internet. It also shows a graph of the growth in users reaching 50 million for different technologies. The document lists features of perfect competition that e-commerce exhibits, such as many buyers and sellers, perfect knowledge, and freedom of entry. However, it also outlines some limitations, such as not being able to physically check goods. It provides examples of products well-suited for online selling, like music and software, as well as those less suitable, like clothes and food.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 10

    E-Commerce

    A modern form of perfect competition or not.


    Presented By: G Kavya Reddy Pemmasani Ashwin Kumar Pinaki Singhania

    E-Commerce
    Electronic commerce, commonly known as e-commerce, ecommerce, refers to the buying and selling products or services over electronic systems such as the internet and other computer networks.

    Growth Prospect
    40 35 30 25 20 15 10 5 0 Broadcast Radio Broadcast TV Personal Computers Commercial Internet Series3 Series2 Series1

    Time taken to reach 50 million users.

    Feature
    Large number of firms making both B2B ad B2C business. (many buyers and sellers) Perfect Knowledge. Freedom of Entry. Identical products. No transportation Cost.

    Graph for a Perfect Competitive Market

    Conditions to maximize profit: MR=MC MC > MR after reaching the above condition

    Limitations
    Kills the pleasure of shopping Customers not able to check goods physically May reduce production cost but carriage charges high. Connection problems No assurance of delivery Big companies do not like e commerce markets to take their share

    Why internet market is better for replacement buy than new purchase ?

    Give three examples of products that are particularly suitable for selling over the Internet and Three that are not.

    Three products suitable for E-commerce


    MUSIC

    SOFTWARE

    TICKETS

    Three products not suitable for E-commerce


    CLOTHES

    FOOD

    ELECTRICAL GOODS

    Thank You

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