E-Commerce and E-Governance QUICK REVISION - VIKATU
UNIT I Introduction to E-commerce: E-commerce, short for electronic commerce, is the buying and selling of goods and services over the internet. It has revolutionized the way businesses operate and consumers shop, offering convenience, accessibility, and a global marketplace at our fingertips. Let's delve into its definition and explore its fascinating history. Definition: E-commerce encompasses a wide range of transactions conducted electronically, including online retail, electronic payments, online auctions, and internet banking. It eliminates geographical barriers, allowing businesses to reach customers worldwide and enabling consumers to shop from the comfort of their homes. History of E-commerce: The roots of e-commerce can be traced back to the 1960s when businesses began using Electronic Data Interchange (EDI) to exchange business documents electronically. However, the true rise of e-commerce began in the 1990s with the advent of the World Wide Web and the proliferation of