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What is digital economy - maharaja?

The digital economy refers to an economy that is based on digital technologies, including the internet, digital communication, and electronic transactions. It encompasses a range of activities that facilitate the buying, selling, and delivery of goods and services in a digital format.

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Entities that engage in economic activities that involve significant digital transactions or that utilize digital technologies for their business operations are typically required to file digital economy reports. This may include businesses that operate e-commerce platforms or conduct digital advertising.

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The purpose of the digital economy report is to ensure transparency and compliance with regulatory standards, to assess the impact of digital transactions on the overall economy, and to gather data for policy-making purposes. It helps governments understand the scale and challenges of the digital economy.

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Information that must be reported typically includes details such as transaction volumes, revenue generated from digital services or products, expenses incurred, and any digital advertising expenditures. Specific reporting requirements may vary by jurisdiction.