E-commerce

E-commerce, short for electronic commerce, refers to the buying and selling of goods or services over the internet. It encompasses a wide range of activities, including online shopping, electronic payments, online auctions, and internet banking. E-commerce transactions can involve both business-to-consumer (B2C) and business-to-business (B2B) models, as well as consumer-to-consumer (C2C) exchanges.

The primary advantage of e-commerce is the convenience it offers, allowing consumers to shop from anywhere at any time without the geographical constraints of traditional retail. E-commerce platforms, such as online marketplaces and retail websites, facilitate these transactions by providing a digital storefront, payment processing capabilities, and order fulfillment processes.

Overall, e-commerce has transformed the way businesses operate and how consumers access products, making it a critical component of the modern economy.