E-Commerce – E-Commerce stands for electronic commerce. The term “electronic commerce” has evolved from electronic shopping that involves all the features of business and market procedures that enables by the Internet and the World Wide Web technologies. The word Electronic Commerce also means the selling and purchasing of products by using the Internet and services through Web storefronts. The Internet is the main communication mode for electronic commerce and the computer is a primary tool to perform basic business operations.

Most individuals purchase goods and services online worldwide. Many organizations sell products online whereas other companies use e-commerce as a strategy that contains physical stores and several other distribution channels. The main benefit of E-commerce is to allows small and big organizations and startups for selling products at scale and reach consumers all over the world

Advantages of E-Commerce – There are several advantages of e-commerce are discussed below –

1. It provides 24-hour services to customers so that they can investigate about the services or products and give orders anytime from any place.
2. It helps in decreasing the price of products thus less wealthy individuals may also afford the products.
3. Consumers can put reviews or comments or ask any question about the products and services of any organization.
4. It also helps governments to offer services to the public including social education, healthcare, and social services at a reduced price.
5. It helps organizations to decrease the price of creating the procedure, retrieving, managing, and distributing paper-based information by digitizing the information or data.
6. Small and large companies use e-commerce to advertise their products and services for customers that helps in increasing selling products and earning more profit.

Disadvantages of E-Commerce – There are several disadvantages of e-commerce are discussed below –

1. The main disadvantage of e-commerce is no one can buy any products when the website of any company crashes due to high traffic.
2. If you can buy any product in online shopping then several shoppers take advantage and send poor-quality products to you.
3. Consumers face the issue of online cheating by hackers and stealing money from their bank accounts which is the main disadvantage of e-commerce.
4. If you experience a slow net speed or no network then you cannot buy products at that time in any emergency condition.
5. Most companies face the issue of stealing significant or private information including the debit or credit card details of their customers by hackers from their databases.
6. If you want to do online shopping from any company you must purchase a laptop or smartphone that is expensive for middle-class or poor individuals.