Pearl estimates the most active group of e-commerce customers numbers only 2-3 million.

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They are quite content to have their capital embodied in physical goods destined for future sale, in shares in industrial undertakings, in real estate which brings in rentals, or in loans to active men engaged in industry and commerce.

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In Nepal, the ministry of industry and commerce, mentioned on the main government site, had no active links.

ECONOMIST: Look it up on the web | The