E-Commerce

E-Commerce, or electronic commerce, refers to the buying and selling of goods and services over the internet. It encompasses a wide range of online business activities, including retail transactions, online marketplaces, and services such as digital downloads or online banking. E-Commerce allows consumers to purchase products from various suppliers through websites or mobile applications, facilitating transactions that are often characterized by their speed and convenience.

There are several types of E-Commerce models, including Business-to-Consumer (B2C), Business-to-Business (B2B), Consumer-to-Consumer (C2C), and Consumer-to-Business (C2B). These models outline the various relationships that exist between different parties in online transactions. E-Commerce has grown significantly due to advances in technology, increased internet accessibility, and changing consumer behaviors, making it a central aspect of the modern economy. It also includes the use of online payment systems, logistics, and supply chain management to deliver products or services to end-users. Overall, E-Commerce represents a significant shift in how businesses operate and interact with customers, emphasizing the use of digital platforms for commerce-related activities.