What exactly do we mean by "digital economy"?

This is a common digital scenario, and one of the symptoms of the digital economy.

This simple scene of photography involves a wide range of industries and sectors. Let us begin by focusing on a completely new industry player, the spawn of the digital economy, and the individual most convenient for readers to cut into the perspective of observation: photofinishing software. Although we have adopted PhotoShop as miner s19 proa stand-in for the act of retouching, PS is so powerful and difficult to learn that we are here to focus on other, more specialized and simple software.

Now, rather than paying a photographer to adjust the negative in the darkroom, we often only need one or two pieces of photo finishing software to achieve a specific photographic effect (yes, the negative can also be "beauty"). In terms of demand and corresponding value output, photo digitization essentially does not create a new economy; rather, it serves as a substitute. However, it is worth noting that many photofinishing software offers limited free features or requires users to watch advertisements. When users need to unlock more features, these programs will prompt them to buy a membership. These memberships, on the other hand, are frequently monthly/annual. How many people would be willing to get a "monthly" or "annual" membership at a photo studio back then, when the photographer's fee for fixing photos was packaged into the photo fee? At the time, consumers and photographers agreed that photography was a service measured by the number of transactions. However, many people today are willing to pay monthly or annual fees for photofinishing software. This transformation is the result of digitalization's new value and economy.

What exactly is the digital economy?

The G20 Digital Economy Development and gtx 1080 ti miningCooperation Initiative defines the digital economy as the use of digital knowledge and information as key factors of production, modern information networks as an important carrier, and information and communication technology to improve efficiency, optimize economic structure, and promote a variety of economic activities.

As an example, let us insert photofinishing software into the above definition: The digital photos taken by cell phones are digital information, and the software is the most important digital knowledge; the overall download and functional use of the software is dependent on modern information networks; it improves the efficiency of people's photofinishing and generates new demand for software membership, driving economic activities.

Since 2015, China has issued a number of documents, including "Made in China 2025," "Action Plan for Promoting the Development of Big Data," "Outline of National Informatization Development Strategy," "Internet+" Artificial Intelligence Three-Year Action Implementation Plan," and others, to provide policy and technology-guided guarantees for the development of the digital economy, and in "The 14th Five-Year Plan clearly proposes to accelerate digital development and build a digital Ch

Next, consider how the digital economy is having an impact at the national level.

Gross domestic product (GDP), as we all know, is one of the most important economic indicators. This data can be used to forecast the supply of jobs in the market, the economy's prosperity, to support monetary policy and many regulatory policies, and to influence the willingness of foreign economies and investors to enter the market. This information is compiled and calculated from data collected by the National Bureau of Statistics' statistical outlets located throughout the country. These outlets are frequently found in everyday settings such as supermarkets and agricultural and sideline markets. However, one of the major variables influencing statistics in recent years has been online consumption, where many consumer activities are sold and produced online, and goods are transported directly from the place of production into the city. Payment and settlement are also handled online. These economic activities pass through channels that prevent the national statistical office from obtaining gtx 1080 miningcomprehensive data. This has an effect on GDP accuracy. The NSO is currently investigating new methods of incorporating data from the online economy. Even if not all of this economic behavior fits the definition of the digital economy, we can only estimate that there are many economic activities that use digital information and knowledge as important factors of production because the data on these online transactions has yet to be thoroughly examined.