WHAT IS E-COMMERCE

E-commerce provides firms and individuals with a structure over an electronic network like the internet to perform business. It is a way through which selling and buying of goods and services are done on the internet. E-commerce can be operated over computers, tablets, or smartphones and other electronic equipment that is connected to the internet. E-commerce can provide you with nearly every imaginable product and service. Over the internet, electronic services can be availed through e-commerce transactions, including books, music, plane tickets, and financial services such as stock investing and online banking.

One can say that e-commerce is the provider of an electronic market system where economic activity is performed electronically by clicking a few buttons. E-commerce allows people to purchase goods and services from anywhere in the world. This network has uplifted businesses to establish in a wider market by providing cheaper and more efficient distribution channels for their products or services. For example, online websites like Amazon and eBay are the most known example of E-commerce.

Today, e-commerce is the most convenient way of shopping for most people. The service is available 24 hours a day. Many brands and shops provide a wide range of products and services online which saves people from walking long distances to market places.

 

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