Electronic Commerce (EC)

Electronic Commerce (EC), or e-commerce, refers to buying and selling goods and services through the internet. It involves online transactions where businesses and consumers interact digitally, using websites, apps, or other online platforms. E-commerce allows for convenient shopping from anywhere, often providing a wider range of options and faster transactions than traditional stores. It also includes activities like online banking, digital payments, and electronic marketplaces. Overall, EC streamlines commerce processes, making the exchange of goods and services quicker, easier, and accessible across the globe.