Electronic Commerce or e-commerce is the
trade of products and services by means of the Internet or other
computer networks. E-commerce follows the same basic principles as
traditional commerce that is, buyers and sellers come together to swap
commodities for money.
But rather than conducting business in
the traditional way in shopping stores or through mail order catalogs
and telephone operators — in e-commerce buyers and sellers transact
business over networked computers. E-commerce offers buyers maximum
convenience. They can visit the web sites of multiple vendors round the
clock a day to compare prices and make purchases, without having to
leave their homes or offices from around the globe. In some cases,
consumers can immediately obtain a product or service, such as an
electronic book, a music file, or computer software, by downloading it
over the Internet. Read More
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