ECOMMERCE

E-commerce, or electronic commerce, has transformed the way businesses and consumers interact in the modern digital economy. It refers to the buying and selling of goods and services over the internet, eliminating geographical barriers and enabling transactions to occur seamlessly across borders. This industry has seen exponential growth over the past two decades, driven by advancements in technology, widespread internet access, and the increasing reliance on digital platforms for everyday activities. With the rise of mobile devices and online payment systems, consumers can now shop anytime and anywhere, making e-commerce an essential part of global commerce. The convenience, variety, and competitive pricing offered by online stores have shifted consumer behavior, leading to a decline in traditional brick-and-mortar retail stores in some sectors. Major e-commerce platforms like Amazon, Alibaba, and eBay have established global dominance, providing an array of products ranging from electronics and clothing to groceries and digital services.