| 2.4 E-commerce | |
| Why is it significant? | |
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E-commerce gives businesses the opportunity to make improvements to their internal processes, shorten their supply chains and reduce the cost of processing transactions. It lowers search costs by increasing access to, and lowering the cost of, information for both business and consumers. |
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| How does the UK perform? | |
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The UK ranks around the middle of the G7 countries on most of the available measures of e-commerce adoption
(chart 2.4). |
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