The impact of digital economy on consumption and education industry: Taking China as an example

School of International Education, Wuhan University of Technology, Wuhan, Hubei Province, 430070, China

^* Corresponding author: 2016141414001@stu.scu.edu.cn

Abstract

Looking around the world, a new round of scientific and technological revolution and industrial transformation is developing in depth. The digital economy has become an important factor affecting global resource allocation, industrial structure, and the international division of labor. Promoting the development of the digital economy has become an important strategic direction for most countries. The digital economy is shining brightly in daily consumption, education, and other fields. This article uses macro, meso, and micro education to conduct a detailed analysis of the market structure and impact of the digital economy on daily consumption and education and discovers the electrification of digital consumption and digital education. The study found that the pain points of digital consumption include insufficient protection of consumer privacy, uneven quality of digital consumption, and insufficient supervision of digital consumption. The pain points of digital education are the difficulty in acquiring customers, the high cost of acquiring customers, and the need to improve teaching quality and rapidly expand the market. Conflicts and limited online teaching formats lead to low accuracy in performance testing.