Define electronic economy.

The electronic economy is an important factor that supports our economic globalisation. With one click, Banks, corporations, fund managers and individual investors are able to transfer funds internationally. But such transfers also known as ‘electronic money’ has a lot of risks. This is known as ‘Electronic economy’. In the Indian context, such method leading to the rising stock market, and sudden fall due to foreign investors buying stocks, make the profit and then sell them off. All this happened due to the development in technology and communication revolution.