The three main elements of the digital economy are (ABC).

A. Arithmetic power B. Algorithm C. Data

Concept of Digital Economy

Digital Economy refers to a series of economic activities that use digitized knowledge and information as key production factors, digital information network as an important carrier, and the use of digital communication technology as an important driving force for efficiency enhancement and optimization of the economic structure, and it covers a ****hearing economy, platform economy and e-commerce and other application forms.

The digital economy is an important support to smooth the economic cycle, activate the kinetic energy of development and enhance economic resilience. Data has become an important productive force and a key factor of production, penetrating y into all aspects of production, distribution, exchange and consumption, leading the networked***sharing, intensive integration, collaborative development and efficient utilization of factors such as labor, capital, land, technology, management, etc., and opening up the blockage points of the flow of resources and factors, which greatly improves the efficiency of resource allocation in various economic and social fields.

Development characteristics of the digital economy

The digital economy, as a new driving force and a new engine to promote economic recovery, has become the most significant new economic growth pole in the world, and it is the core area of focus and development of all countries in the world at present, and the competition among countries around the globe in the field of the digital economy has become increasingly fierce.

Beginning in the mid-to-late 1990s, information and communication technologies have rapidly penetrated the three industries, especially the secondary and tertiary industries, and the digital economy has profoundly affected the operation and development mode of these industries.