E-Commerce: Meaning, Types and much more.
E-Commerce or Electronic Commerce means buying and selling of goods, products , or services over the internet. E-commerce is also known as electronic commerce or internet commerce. These services provided online over the internet network. Transaction of money, funds, and data are also considered as E-commerce. These business transactions can be done in four ways: Business to Business (B2B), Business to Customer (B2C), Customer to Customer (C2C), Customer to Business (C2B). The standard definition of E-commerce is a commercial transaction which is happened over the internet. Online stores like Amazon, Alibaba Express, Shopify, eBay, Olx are examples of E-commerce websites. By 2020, global retail e-commerce can reach up to $27 Trillion. Let us learn in detail about what is the advantages and disadvantages of E-commerce and its types. So when you log into your Amazon and purchase a book, this is a classic example of an e-commerce transaction. Here you interact with the seller (