What is the digital economy?
The digital economy refers to an economy that is based on digital computing technologies, encompassing online transactions, digital services, and the internet.
How does the digital economy impact traditional businesses?
It transforms traditional businesses by enabling e-commerce, improving efficiency through digital tools, and expanding market reach.
What are some examples of digital economy sectors?
Key sectors include e-commerce, digital marketing, fintech, online education, and telehealth.
What challenges does the digital economy face?
Challenges include cybersecurity threats, digital divide issues, regulatory concerns, and the need for constant technological adaptation.
How can businesses adapt to the digital economy?
Businesses can adapt by embracing digital transformation, investing in technology, and focusing on online customer engagement.
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