What is E-commerce ?

hi

Before we get into the nitty-gritty of the ecommerce realm

let’s first answer one fundamental question

Commerce is the sum total of all those processes, which are engaged in the removal of hindrance of persons (trade)

Hiiiii

Ecommerce refers to commercial transactions

Lol

Its shuit off e commerce

This means that whenever you buy and sell something using the Internet, you’re involved in ecommerce.

It was August 11, and the year was 1994. Around noon

place (transport and insurance) and time (warehousing) in the exchange (banking) of commodities

Every human being is engaged in some kind of activity.

Phil Brandenberger of Philadelphia logged into his computer

used his credit card to buy Sting’s “Ten Summoners’ Tales” for $12.48 plus shipping.

. These activities are undertaken with some motive.

That story may not sound too exciting today

When the object is to create wealth for satisfying human needs, these are categorised as economic activities.

. If such activities are undertaken only to serve some cause without any economic motive i.e., to satisfy social, religious, cultural or sentimental requirements, these are called non-economic activities.

but at that time, this particular transaction made history.

The motivating force for doing some work is to satisfy human wants

but at that time, this particular transaction made history.

Human wants are unlimited and go on multiplying. The resources to satisfy the needs are limited.

Why? Because it was the first time that encryption technolog

The use of scarce resources for satisfying human wants is very important.

The allocation of available resources is done in such a way that optimum satisfaction is achieved.