Digital Transformation of Market Institutions

Abstract

This article shows how the increasing prevalence of digital technologies into various spheres of human life has necessitated change in a number of institutions. First, it grapples with economic institutions that ensure the functioning of a market economy. In addition, the definition of digital economy, the concept of digital economy, the technological developments specific to digital economy, the share of Information and Communication Technology (ICT) in the gross national product of a country, and the analysis of certain indicators of communication and information are also covered in the article.