'Networked individuals and firms are more efficient than networthed individuals.' Throw a light on the statement by identifying this phrase and explain the benefits.  

Dear Student,

This phrase is for benefit of e -business.This means that even if you do not have much of investment (networth) but have contacts (network), you can do fabulous business.

Following are the some benefit of e-business:
  1. E-banking provide 24 hours service to customer of bank
  2. It record each and every transaction thus give a sense of financial discipline
  3. Customer can make some permitted transaction from house, while travelling, from office or via mobile telephone.
  4. Great customer satisfaction by offering unlimited access to the bank. 

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