Electronic commerce

Electronic commerce is becoming one of the most essential ways to sell and buy products in the contemporary world. E-commerce is represented by the mutually beneficial exchange of goods and service over the Internet and other computer networks. This type of trade started to evolve in the late 1970s and has become more popular with the increased accessibility of computers and the Internet. Electronic commerce has many advantages that attract a lot of new participants to the online market every year. It allows consumers to find necessary products easily by using such criteria as category, price-range, location, and color. Online markets are available 24 hours/day, 7 days/week and lets customers to get additional information about goods or services immediately and make a purchase at any time. Some products such as music, movies, and e-books can be downloaded at the moment of the purchase and be used instantaneously. Prices of products in online stores very often are lower than in ground ones. The delivery of purchased products is not costly. Some other advantages are explained in the video below. This video adds up to the understanding of the e-commerce evolution process, its disadvantages, and the role that electronic commerce plays in the society.