INTRO TO E-COMMERCE

  Introduction to E-commerce E-commerce, short for electronic commerce, refers to the buying and selling of goods or services using the internet, as well as the transfer of money and data to execute these transactions. It has fundamentally transformed the way businesses operate and how consumers shop globally. From its inception in the early 1990s to the present day, e-commerce has evolved dramatically, driven by technological advancements, changes in consumer behavior, and innovations in digital payment systems. Evolution of E-commerce The roots of e-commerce can be traced back to the development of electronic data interchange (EDI) and electronic funds transfer (EFT) in the 1970s and 1980s. These technologies paved the way for businesses to conduct transactions electronically. However, the true revolution came with the advent of the World Wide Web and the first secure online transaction systems in the early 1990s. Companies like Amazon and eBay emerged as pioneers, demonstrati...