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MEANING OF E-COMMERCE
E commerce (electronic Commerce or EC) is the buying and selling of goods and services on the internet, especially on the World Wide Web. In practice e- commerce and a newer term e-business is often used interchangeably.
DEFINITION OF E-COMMERCE
E –commerce can be defined as an activity of buying and selling, marketing, delivery, servicing and paying for products and services over the medium of internet. The idea of e-commerce came into being due to the fact that the world has been experiencing globalization and technological advancement.
FUNCTIONS OF E-COMMERCE
TYPES OF E-COMMERCE
There are basically five types of e-commerce
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