E-COMMERCE
E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business. We’re living in an era where there’s more people with a smartphone than people living in urban areas, and where the internet has developed strong roots in your personal life. This means, ecommerce is an industry that’s reaching almost any person in the world with internet access—offering both conveniences to buy products and opportunities to start a business.
Almost anything can be purchased through ecommerce today; for this reason, ecommerce is often highly competitive.ecommerce has evolved to make products easier to discover and purchase through online retailers and marketplaces. Independent freelancers, small businesses, and large corporations have all benefited from ecommerce, which enables them to sell their goods and services at a scale that was not possible with traditional offline retail.
The simple ability to make purchases online has changed our lives forever. And despite having unclear definitions, ecommerce is here to stay.
The ecommerce industry is growing exponentially, more ecommerce businesses are emerging, and the digital economy is continuously expanding while reaching every corner of the world that has internet access.
