E-Commerce, a term that stands for electronic commerce, is a dynamic and fast-growing business model in which the buying and selling of goods and services take place over the internet and other electronic systems. It is a revolutionary concept that has transformed the traditional brick-and-mortar retail model in various ways, thereby revolutionizing the way we shop and interact with the global marketplace. From accessing diverse options and making purchases at any time to comparing prices and customer reviews, the online shopping experience is prioritizing convenience and efficiency for consumers.

The impact of e-commerce extends beyond just consumers, the economy, and society. For instance, the online marketplace empowers small and medium-sized enterprises (SMEs) to not only expand their reach beyond local markets but also level the playing field with larger businesses. Furthermore, the flexibility and low start-up cost associated with e-commerce platforms make it an attractive option for entrepreneurs, allowing for innovation and competition to flourish. The advantages of e-commerce have been far-reaching, making it a crucial component in today’s interconnected digital world.