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What is meant by digital economy?
The digital economy is a term used to describe the growing use of digital technology and the Internet to conduct business. This concept encompasses the purchase, sale and transaction of goods and services using digital tools and equipment connected to the Internet. It also includes the use of digital infrastructure, such as servers, computers and networks, through which digital activities are conducted.
The digital economy is a vast and rapidly changing field. It encompasses a wide range of activities including e-commerce, digital payments, digital marketing, digital advertising, digital banking and more. The digital economy is made up of digital products, services and solutions that are powered by technology, such as software and hardware.
The digital economy is a powerful tool to drive economic growth. It enables businesses to offer services and products that are more efficient, convenient and cost-effective. It also provides opportunities for entrepreneurs to create new products and services or expand existing products.
What is the Internet speed in Bangladesh?
Internet speeds in Bangladesh have been increasing significantly in recent years due to government efforts to expand broadband infrastructure. According to a 2019 report by Akamai Technologies, the average internet speed in Bangladesh is 4.1 Mbps, making it the 79th fastest country in the world. This is an impressive increase from 1.3 Mbps seen in 2016 and 0.8 Mbps seen in 2013.
Bangladesh's government is working hard to expand the internet infrastructure of the country. The government has allocated about $2 billion to expand the broadband infrastructure project, which aims to provide high-speed internet to all parts of the country. This project will expand the country's fibre infrastructure, which will increase the speeds available to users. The government has also announced plans to launch 4G services across the country, which will further boost internet speeds.
