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These days, people can buy products from anywhere in the World and I certainly believe that this is a very positive development in many aspects.
As Technology is evolving each day and Globalization is spreading in each part of the World, buying products has been quite convenient in any part of the World.
In the past few years, we have seen that many big players have jumped into the area of E-commerce and this has actually evolved the online shopping to a greater extent. The growth in the Telecom sector has worked as a catalyst where companies providing 4G and 5G services has actually given a platform to the companies for developing attractive online shopping application for mobile phones.
In terms of financial growth, this has given opportunities to the companies to setup their manufacturing units in every part of the World and as a result this has created numerous opportunities in the job market. This has also boosted the tax revenues for the local Government. Chinese giants like XiaoMi and Oneplus have opened their stores all over the World and created a significant employment for technical experts, software engineers and salespeople.
Alongside, it has resulted in a healthy competition between the online sellers and the retailers where each one of them is throwing attractive offers to pull the customers and buy their products.
Overall, this development has narrowed down the gap between the developing and the developed nations in terms of employment, revenues and easy availability of the products. This revolution has improved country’s economy and certainly proved to be a win-win situation for the Government and their citizens as well.
