Electronic commerce, commonly known as E-commerce or eCommerce, is trading in products or services using computer networks, such as the Internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer,supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction's life cycle, although it may also use other technologies such as e-mail, mobile devices, social media, and telephones.
Trading online enables businesses to reach much wider audiences while cutting the costs of traditional retailing methods. For example, an e-tailer does not have to spend so much on an expensive High Street presence.
Although the outlay on developing a good website is substantial the potential benefits can be enormous. One group of businesses that have been particularly successful as a result of the development of the web are specialist suppliers of items such as paintings, photographs, confectionery, and other items. An individual working from home can now advertise and sell their produce worldwide.
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Further Reading Suggestion;
1. The Impact of E-commerce on Developed and Developing Countries Case Study: Egypt and United States
by
Dr. Zeinab Mohamed El Gawady
Lecturer of Economics
2. Impact of e-commerce
by
Abhinna Srivastava
Union Public Service Commission (UPSC) on Thursday started issuing admit cards to the aspirants for the preliminary exam scheduled to be held on August 24. Any decision to change the pattern of civil services (preliminary) examination and postponing its date will be taken after receiving a report from a three-member committee which is looking into the matter, the government said Tuesday. Before that Amid demands by Civil Service aspirants for scrapping the CSAT test, the government today urged the Union Public Service Commission (UPSC) to postpone the preliminary exam scheduled next month till there is clarity on the syllabus and exam pattern.