Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)

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Analysis on the Impact of Shopping Online on the Real Economy

Authors
Siyuan Fan
Corresponding Author
Siyuan Fan
Available Online 4 August 2021.
DOI
10.2991/aebmr.k.210803.038How to use a DOI?
Keywords
Shopping online, Bankruptcy, Real estate industry, Unemployment, Vicious competition
Abstract

Shopping online is a new convenient shopping way. Shopping apps like amazon, farfetch, and Taobao attract more and more consumers. The main reasons for consumers choosing online-shopping are as follows: Consumers have more choices of products. In addition, they can shop at any time and any place and they can save time and money. As more and more consumers use this new way, there are some non-negligible consequences on the real economy. The purpose of this paper is to figure out the influences on the real economy. There are four negative influences. Firstly, the lower cost of online stores will increase the bankruptcy of small and medium-sized enterprises. Secondly, online stores have lower demands of entity stores, which will affect the real estate industry. Thirdly, the wastage rate of staff in online stores is high. Fourthly, because of the lower cost of online stores, they can lower the price of the products. However, it is difficult to make sure that all prices are above price floor. In this situation, vicious competition may appear in the market. Besides, there is one positive influence that the online store has less restriction of area, so shopping online relieves the pressure on the market to stock up in some situations.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
4 August 2021
ISBN
10.2991/aebmr.k.210803.038
ISSN
2352-5428
DOI
10.2991/aebmr.k.210803.038How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Siyuan Fan
PY  - 2021
DA  - 2021/08/04
TI  - Analysis on the Impact of Shopping Online on the Real Economy
BT  - Proceedings of the  1st International Symposium on Innovative Management and Economics (ISIME 2021)
PB  - Atlantis Press
SP  - 284
EP  - 289
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210803.038
DO  - 10.2991/aebmr.k.210803.038
ID  - Fan2021
ER  -