E-commerce, short for electronic commerce, is the buying and selling of goods and services conducted over the internet. It has transformed the way businesses operate and consumers shop, enabling online transactions, payments, and delivery of products or services. E-commerce encompasses a wide range of activities, from online retail stores to digital marketplaces and business-to-business (B2B) transactions.
The growth of e-commerce has been accelerated by the convenience it offers. Consumers can shop from the comfort of their homes, compare products, read reviews, and make secure online payments. On the business side, e-commerce provides opportunities for small businesses to reach a global audience and compete with larger retailers. Prominent examples include Amazon, eBay, and Shopify, as well as countless independent online stores.
