Retail in the Internet: challenges and prospects for development

Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 5, Issue

Abstract

Introduction. E-commerce has become a new hope for the retail development of the 21st century. The progress of information and communication technologies of the latter significantly influenced all sectors of the economy, not having left out and retail. Already, one of the promising directions of human development is the creation of the Internet of Things - a comprehensive network capable of combining people, enterprises and the state through the use of information and communication facilities, first of all, the Internet. Some aspects of regulation of Internet commerce are covered in regulatory legal acts of Ukraine, as well as analytical studies devoted to this issue. At the same time, taking into account the current situation in the domestic Internet trade it is expedient to analyze the main obstacles and prospects of its development. Purpose. The purpose of the work is to substantiate ways to overcome barriers to the development of Internet commerce in Ukraine. Results. The article deals with the problems of the development of Internet commerce. The legal and regulatory framework of e-commerce is described. The factors of development of Internet commerce in Ukraine are determined. The organizational possibilities of enterprises in the field of Internet commerce by types of economic activity are analyzed. Author emphasized on the innovative character and importance of investment support for Internet commerce, which requires the development of mechanisms for increasing consumer confidence in companies operating in this direction. The obstacles of development of Internet commerce in Ukraine are generalized and recommendations for their overcoming are given. Conclusion. As it was established during the research, retail Internet trade has significant prospects for development in Ukraine. This is facilitated by the widespread use of the Internet by the population, the gradual development of regulatory provision, the growing demand due to the convenience of retail shopping in the network. At the same time, the development of retail Internet commerce in Ukraine has slowed down due to a number of problems, the solution of which depends on the consolidation of efforts of state authorities and retailers, taking into account the prospects of global competition. A promising direction for further research is to improve the mechanisms of development of export potential of domestic enterprises with the use of Internet trading tools.

Authors and Affiliations

Svitlana Ivanivna Danylo

Keywords

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  • EP ID EP671326
  • DOI -
  • Views 76
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How To Cite

Svitlana Ivanivna Danylo (2019). Retail in the Internet: challenges and prospects for development. Економіка. Фінанси. Право, 5(), 28-31. https://europub.co.uk./articles/-A-671326