E-commerce is a type of business model that focuses on doing commercial transactions through electronic networks such as the Internet. E-commerce stands for ‘electronic commerce.
Any business can use this type of model. All they need is the necessary technology to provide the service.
It is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.
With E-commerce, people or businesses can acquire goods electronically without having to worry about time or distance barriers. They can also sell goods. In other words, with E-commerce, you can buy and sell things whenever and from wherever you like. Running a business online is generally cheaper than running a traditional one.