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Explain e-commerce and give examples

Computer Science

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Answer

24

K Million 104 deficit\text{K Million } 104 \text{ deficit}

Step-by-step solution

4 steps

here are the answers to questions 24, 25, and 26:

Part 24· 4 steps

To calculate the balance of payments, we sum all exports (visible and invisible) and subtract all imports (visible and invisible). Based on the previous questions:
Visible exports = K Million 269
Invisible exports = K Million 132
Visible imports = K Million 459
Invisible imports = K Million 46

  1. Calculate total exports.

    Total Exports=Visible Exports+Invisible Exports\text{Total Exports} = \text{Visible Exports} + \text{Invisible Exports} Total Exports=269+132=K Million 401\text{Total Exports} = 269 + 132 = \text{K Million } 401

  2. Calculate total imports.

    Total Imports=Visible Imports+Invisible Imports\text{Total Imports} = \text{Visible Imports} + \text{Invisible Imports} Total Imports=459+46=K Million 505\text{Total Imports} = 459 + 46 = \text{K Million } 505

  3. Calculate the balance of payments.

    Balance of Payments=Total Exports−Total Imports\text{Balance of Payments} = \text{Total Exports} - \text{Total Imports} Balance of Payments=401−505=K Million −104\text{Balance of Payments} = 401 - 505 = \text{K Million } -104

  4. Indicate if it is a surplus or deficit.

    Since the balance is negative, it is a deficit.
    The balance of payments is K Million 104 deficit.

    K Million 104 deficit\boxed{\text{K Million } 104 \text{ deficit}}

Part 25

  • A. Strike led by UPNG students against the government over land mobilisation policy in 2001. Answer: Political unrest
  • B. Tribal fights resulting in workers not going to work. Answer: Social unrest
  • C. Issue of holding back development grants for LNG land owners. Answer: Political unrest

Part 26

E-commerce, or electronic commerce, refers to the buying and selling of goods and services, or the transmission of funds or data, over an electronic network, primarily the internet. It enables businesses and individuals to conduct transactions without a physical presence.

Example:

  • Online retail stores like Amazon or eBay where customers purchase products directly from sellers over the internet.
  • Digital services such as Netflix subscriptions or Spotify premium memberships.
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