E-Commerce
Electronic Commerce
A system for buying and selling goods and services over the internet.
In Simple Terms
E-commerce is a system for buying and selling goods and services over the internet. You don't need to visit a physical store - you can shop anytime using your smartphone or computer. Buying clothes from an online store or booking a travel ticket both count as e-commerce. Because it's available 24 hours a day, it's used by many businesses and individuals around the world.
Behind the Name
"EC" is a term formed by combining the initials of the English words "Electronic" and "Commerce." "Electronic" means "electronic," and "Commerce" means "commerce" or "trade."
Take a Closer Look!
E-commerce refers to trading goods and services over the internet or similar networks.
Simply put, it's the system behind the online stores and shopping sites we use every day.
It's a representative way of doing business using internet technology.
In the past, shopping usually meant going to a physical store and paying with cash. With e-commerce, you can now complete a purchase from home, payment included.
Ordered items get delivered to your door by courier, and for digital products like videos or e-books, you can download them instantly.
Broadly speaking, e-commerce covers more than businesses selling to individuals - it also includes person-to-person sales through marketplace apps.
Because it lets people trade with others around the world, not just locally, it's widely used as a way to do business without worrying about location or time.