Lifestyles of today’s civilizations are mostly dominated by technology usages no matter where they reside in the globe. As a result, human-services are mostly carried out in competitive manner where Banking-services are not different. It is carried-out with business mentality that has presented digital-banking, i.e. Bank-led and Mobile-led digitals in today’s human society. However, COVID-19 has interrupted the entire human-system. It puts strains on markets, governments, businesses and individuals. But COVID-19 has escalated usages of digital-banking, a product in bank-sector, country-wise such as Bangladesh. This study undertakes interpreting the episode COVID-19 vs. Digital-banking-usages under Demand - Supply Model in market economics. In digital-services-market of world-economy country-wise, customers are identified in two categories and their efficiency-costs or prices are measured and utilized for analysis purposes in this study. The findings show that digital-banking customers where adverse-user faces lower efficiency-price than equilibrium-price and the advantageous-user faces least expected cost. Thus the progression of usages digital-banking is an outcome of market-economics, not something else. Despites the fact that the study uses a basic Microeconomics tools such as Consumer Choice Theory in completion the analysis, it is one of a kind in literature based on the approaches utilized interpreting customers behaviors in terms of economics. Findings of this study can be instrumental to digital-banking service-providers in market economy as well as to readers, especially, to classroom-students who are enthusiastic learning how to use tools of economics in application.
| Published in | Journal of Business and Economic Development (Volume 6, Issue 2) |
| DOI | 10.11648/j.jbed.20210602.12 |
| Page(s) | 65-72 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2021. Published by Science Publishing Group |
Digital-Banking Usages, Corona-virus Consequences, Market Economics and Market Supply-demand
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APA Style
Akim Mahbubur Rahman, Saadi Islam. (2021). COVID-19 Brings Blessing for Digital-Banking in World-Economy Country-Wise: An Analysis Under Demand-Supply Model of Market Economics. Journal of Business and Economic Development, 6(2), 65-72. https://doi.org/10.11648/j.jbed.20210602.12
ACS Style
Akim Mahbubur Rahman; Saadi Islam. COVID-19 Brings Blessing for Digital-Banking in World-Economy Country-Wise: An Analysis Under Demand-Supply Model of Market Economics. J. Bus. Econ. Dev. 2021, 6(2), 65-72. doi: 10.11648/j.jbed.20210602.12
AMA Style
Akim Mahbubur Rahman, Saadi Islam. COVID-19 Brings Blessing for Digital-Banking in World-Economy Country-Wise: An Analysis Under Demand-Supply Model of Market Economics. J Bus Econ Dev. 2021;6(2):65-72. doi: 10.11648/j.jbed.20210602.12
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Download@article{10.11648/j.jbed.20210602.12,
author = {Akim Mahbubur Rahman and Saadi Islam},
title = {COVID-19 Brings Blessing for Digital-Banking in World-Economy Country-Wise: An Analysis Under Demand-Supply Model of Market Economics},
journal = {Journal of Business and Economic Development},
volume = {6},
number = {2},
pages = {65-72},
doi = {10.11648/j.jbed.20210602.12},
url = {https://doi.org/10.11648/j.jbed.20210602.12},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20210602.12},
abstract = {Lifestyles of today’s civilizations are mostly dominated by technology usages no matter where they reside in the globe. As a result, human-services are mostly carried out in competitive manner where Banking-services are not different. It is carried-out with business mentality that has presented digital-banking, i.e. Bank-led and Mobile-led digitals in today’s human society. However, COVID-19 has interrupted the entire human-system. It puts strains on markets, governments, businesses and individuals. But COVID-19 has escalated usages of digital-banking, a product in bank-sector, country-wise such as Bangladesh. This study undertakes interpreting the episode COVID-19 vs. Digital-banking-usages under Demand - Supply Model in market economics. In digital-services-market of world-economy country-wise, customers are identified in two categories and their efficiency-costs or prices are measured and utilized for analysis purposes in this study. The findings show that digital-banking customers where adverse-user faces lower efficiency-price than equilibrium-price and the advantageous-user faces least expected cost. Thus the progression of usages digital-banking is an outcome of market-economics, not something else. Despites the fact that the study uses a basic Microeconomics tools such as Consumer Choice Theory in completion the analysis, it is one of a kind in literature based on the approaches utilized interpreting customers behaviors in terms of economics. Findings of this study can be instrumental to digital-banking service-providers in market economy as well as to readers, especially, to classroom-students who are enthusiastic learning how to use tools of economics in application.},
year = {2021}
}
TY - JOUR T1 - COVID-19 Brings Blessing for Digital-Banking in World-Economy Country-Wise: An Analysis Under Demand-Supply Model of Market Economics AU - Akim Mahbubur Rahman AU - Saadi Islam Y1 - 2021/05/08 PY - 2021 N1 - https://doi.org/10.11648/j.jbed.20210602.12 DO - 10.11648/j.jbed.20210602.12 T2 - Journal of Business and Economic Development JF - Journal of Business and Economic Development JO - Journal of Business and Economic Development SP - 65 EP - 72 PB - Science Publishing Group SN - 2637-3874 UR - https://doi.org/10.11648/j.jbed.20210602.12 AB - Lifestyles of today’s civilizations are mostly dominated by technology usages no matter where they reside in the globe. As a result, human-services are mostly carried out in competitive manner where Banking-services are not different. It is carried-out with business mentality that has presented digital-banking, i.e. Bank-led and Mobile-led digitals in today’s human society. However, COVID-19 has interrupted the entire human-system. It puts strains on markets, governments, businesses and individuals. But COVID-19 has escalated usages of digital-banking, a product in bank-sector, country-wise such as Bangladesh. This study undertakes interpreting the episode COVID-19 vs. Digital-banking-usages under Demand - Supply Model in market economics. In digital-services-market of world-economy country-wise, customers are identified in two categories and their efficiency-costs or prices are measured and utilized for analysis purposes in this study. The findings show that digital-banking customers where adverse-user faces lower efficiency-price than equilibrium-price and the advantageous-user faces least expected cost. Thus the progression of usages digital-banking is an outcome of market-economics, not something else. Despites the fact that the study uses a basic Microeconomics tools such as Consumer Choice Theory in completion the analysis, it is one of a kind in literature based on the approaches utilized interpreting customers behaviors in terms of economics. Findings of this study can be instrumental to digital-banking service-providers in market economy as well as to readers, especially, to classroom-students who are enthusiastic learning how to use tools of economics in application. VL - 6 IS - 2 ER -
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