CHALLENGES AND PROMOTION OF DIGITAL ECONOMY

Digital economy is referred to as economy in which main economic activities including the production, distribution and consumption of goods and services are digitalized and which is dependent on networked information and knowledge as new production factors. In contrast to economy based on conventional production factors like land, labor and capital, digital economy is called a new economy. In a narrow sense, digital economy can be regarded as Internet economy in which electronic commerce based on the industry of information telecommunication technology and the Internet plays a critical role.