I ntroduction In the past, cashless society used to make transactions among them through a system called bartering where people exchanged livestock to agricultural products, for example, goat to the maze, camel to water or manufactured products, etc. Bartering system wasn’t convenient due to the lack of a common medium of exchange. Thereafter, precious metals, coins, and paper currency were adopted. Later on, cheques and bills of exchanges came to the existence that was used as cash. Today, some of the developed countries, citizens use electronic transactions instead of cash on hands. They rely on E-transactions than traditional currency. Technological advances, electronic instruments and internet popularity paved the way that hard currency to disappear. The main implications of cashless transactions are realized by many countries and it’s still staring in the eyes of public figures. This exists in many countries in the world. Sweden, Denmark, and Norway are top countries that have a...
In today's world, business is complex, uncertain and business environment is becoming narrowed. Doing Business in this globalized world is complex due to the number of causes such as competition, entrepreneurship and new business threats that no one ever known before. Competition is higher, entrepreneurs are growing daily, new ideas, innovations and new business models are going popular. Uncertainty is another challenge that many of today's businesses are facing because of technology advancement, lack of intellectual property rights, and the change of jobs and employment in the organizations. Another main constraint facing business is the increasing business start-ups with new ideas and models specifically in the area of online commerce which heralded the markets last several years. Its totally enormous the number of business get opened in recent years, and the challenge is that all these businesses are mostly identical and similar both of products and services....
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