Whether you believe it or not, eCommerce is one of the driving factors for an economy’s growth and continuous development. According to recent studies, it showed that it takes more than 20 percent of trades globally. From major companies, big groups and even individuals, each entity was able to establish a niche. As for those who aren’t yet making the most of this industry, you are probably missing a bunch of things.
On the other hand, there’s a big challenge with regards to policies and governments in various parts of the world.
But do we still have to be reminded of the government’s role in endorsing and promoting eCommerce?
As a matter of fact, we do indeed and some of these aspects are discussed in the next lines.
Number 1. Intellectual Property Protection
We all know that ecommerce provides awesome opportunities for people to invest and to innovate in hopes of making big profits from the efforts exerted. On the other hand, this isn’t often the case. This saw a lot of people sit on their talents and innovation until there are policies made to safeguard their ideas.
The government plays a critical role in ensuring that their intellectual property is well-protected. Innovators on the other hand have to be given assurance that their efforts would not be put into waste.
Number 2. Legal Recognition of Activities Related to eCommerce
It is quite unfortunate to say that the industry is still deemed illegal in other countries. The basis for such matter is nonsensical and baseless. It’s the high time for the government to look in the future and see where the market is going, which in this case, digitalism.
Apparently, the time changed and with these changes, new things have been invented and developed. eCommerce is among those things that have to be recognized to be legal worldwide.
Number 3. Fraud Protection
If there’s one bad thing that is associated to eCommerce, then it is none other than fraud. There are millions of people who’ve actually lost their money. It is simply because they believed that the online store they buy products from are legit.
By implementing consumer protection from these types of activities, the industry is expected to grow tenfold and become among the top revenue sources to government. Besides, if you want to ensure that you’re buying from legit stores online, you can start it from firmagaver.