Banking & Shopping
social Impact
A market/store is where people can interact and socialize, along with exchange goods for money. So, how has the information age experienced a change in the social way people shop? Well, the answer is online shopping. It is the act of purchasing products and services directly from a seller over the internet using a web browser. At the present time, 40 % of the world population are able to access the internet consistently to complete different tasks. However, in 1995, less than 1 % of the world population were able to access internet. From 1999 to 2013 the number of internet users has increased tenfold. As a consequence; online shopping has grown exponentially throughout the world.
Online shopping has affected the information age socially since it is the fastest growing market in Europe and North America. Consequently, online sales in the UK, Germany, France, The Netherlands, Sweden, Italy, Poland and Spain grew from 132.05 billion in 2014 to 156.67 billion in 2015. Online shopping is expected to grow again to reach 250.08 billion in 2017.
Online shopping has affected the information age socially since it is the fastest growing market in Europe and North America. Consequently, online sales in the UK, Germany, France, The Netherlands, Sweden, Italy, Poland and Spain grew from 132.05 billion in 2014 to 156.67 billion in 2015. Online shopping is expected to grow again to reach 250.08 billion in 2017.