What does "e-commerce" refer to? 🔊
The term "e-commerce" refers to the buying and selling of goods and services over the internet. It encompasses various online transactions, including retail purchases, business-to-business sales, and digital downloads. E-commerce platforms, such as Amazon and Shopify, facilitate these transactions by providing the necessary infrastructure for online storefronts, payment processing, and inventory management. E-commerce has transformed retail and has become an essential aspect of modern economic activity.
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