The term “digital economy” was originally coined in 1996 by Don Tapscott to describe the link between a new economy, a new business model, and new technology. However, the extent of the digital economy may be regarded from a variety of perspectives, including people’s daily living, making transactions, inventing innovation, and setting social standards. This is in line with the study of Mesenbourg (2001), from the United States Census Bureau, who divided the digital economy into three components, namely:
e-Business Structure – the key economic infrastructure driving the transactions of e-Business and e-Commerce, 2) e-Business – the business model that allows organizations to conduct activities over a computer network, and 3) e-Commerce – the value of goods and services obtained through computer network sales. These concepts are in direct relation to the socio-economic structure driven by the computer technology (Alaerds and Grove 2017).