Definition of E-commerce?

Mamewmy (2022)

                                                                                                  

According to the Oxford Learners Dictionary, the activity of purchase and sale of goods or services between people is referred to as Trade. This activity can be traced back to pre-historic times, to the era of the barter system: a system where goods were exchanged for other goods, before the innovation of modern-day currency.

E-commerce (electronic commerce) can be defined as "the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet." (Lutkevich, et. al, 2022) 

With the advent of the computer age, all goods and services that were once solely transacted physically can now be done digitally, through electronic commerce (E-commerce). Some examples of e-commerce websites are: amazon, asos, ebay, tesco, et cetera. (Contributors, 2022)

 

Reference List

         Contributors, W. (2022) E-commerce, Wikipedia. Wikimedia Foundation. Available at: https://en.wikipedia.org/wiki/E-commerce (Accessed: January 14, 2023).

          Lutkevich, B., Chai, W. and Holak, B. (2022) What is e-commerce? definition and meaning, CIO. TechTarget. Available at: https://www.techtarget.com/searchcio/definition/e-commerce (Accessed: January 14, 2023). 

         Mamewmy (2022) Free photo: Laptop with credit card payment online shopping bag ecommerce concept on blue background 3D illustration, Freepik. Available at: https://www.freepik.com/free-photo/laptop-with-credit-card-payment-online-shopping-bag-ecommerce-concept-blue-background-3d-illustration_28490034.htm#query=order&position=0&from_view=search&track=sph (Accessed: January 14, 2023).

          Trade (no date) trade_1 noun - Definition, pictures, pronunciation and usage notes | Oxford Advanced Learner's Dictionary at OxfordLearnersDictionaries.com. Available at: https://www.oxfordlearnersdictionaries.com/definition/english/trade_1?q=trade (Accessed: January 14, 2023).

         Trade (2022) Wikipedia. Wikimedia Foundation. Available at: https://en.wikipedia.org/wiki/Trade#:~:text=Trade%20originated%20from%20human%20communication,150%2C000%20years%20ago. (Accessed: January 14, 2023).