In nutshell

So far we have seen What is e-commerce and how powerful it is. At the same time, we understand there are some problems that need to resolve. E-commerce has become so powerful during COVID times. Millions of people purchased their goods online as they don’t want to risk their lives. E-commerce is beneficial for both customers and sellers but at the same time, it has some demerits like a threat to privacy, lack of human touch, etc. 

COVID-19, the new normal, we all are familiar with what I am talking about. The COVID-19 Pandemic has changed everything, including work from home, online school, online college, and shopping. Well, e-shopping or e-commerce was present in pre-COVID times, but no one recognized the power of e-commerce back then. COVID-19 has given a push to all the digital things which were present right there, but we are not much concerned about it. E-commerce saves a lot of time but not many used it before COVID times, but now everyone relies on the internet for shopping from the convenience of their home. 

Now the question arises: what really E-commerce is? Well, let’s start with the term itself, here E stands for Electronic and commerce, the activity of buying and selling, so if we join both the term together it can be concluded buying or selling through an electronic medium is called E-commerce. Now we need connections between one computer to another, and thus the internet plays a crucial role in E-commerce.

So, anyone who can access the internet can participate in E-commerce activity. E-commerce consists of two types: 

1. Shopping
2. Trading Stocks

We all are aware of e-shopping and most of us must have used it at least once. Amazon, Flipkart, and Tata Cliq are some good examples of e-shopping. There are some sites that provide only a certain type of product like JIO Mart which offers only groceries, whereas Flipkart and Amazon sell everything. On the other hand, if we talk about trading stocks, a few years back it was so difficult for common people to understand it. As they did have not much knowledge. But, now many are actively using stocks and the awareness about that has reached many. This is because of the use of the internet even by the common people.