Question

How do you create wealth? And how does eBay create wealth?

Answer 1

Wealth does not mean only rise in the monetary income . The wealth is created through the production process. Here, the values of goods and services are raised. We can create wealth through the technological development and the innovation. The developed countries have been able to achieve the higher standard of living through the introduction of new technological development and innovative practices.

The eBay , transfers the goods from the sellers to the buyers through the online process. It tends to reduce the possible barriers between the buyers and sellers. Thus new value is added through this process. Hence the new wealth is created through the business model of the eBay.