E-commerce, short for electronic commerce, refers to the buying and selling of goods or services using the internet, and has revolutionized the way businesses operate and consumers shop. It encompasses a wide range of activities, from online retail stores to digital marketplaces and subscription-based services.
The rise of e-commerce has been driven by several key factors, including the increasing penetration of the internet, the growing popularity of smartphones and tablets, and the convenience and ease of online shopping. As a result, e-commerce has become a major force in the global economy, with trillions of dollars in transactions taking place each year.