Describe E-Commerce With Advantages and Disadvantages

E-commerce (electronic commerce) refers to the buying and selling of goods and services over the Internet. Advantages:

1. Global Reach: Businesses can reach a global audience.
2. Convenience: Customers can shop 24/7 from anywhere.
3. Cost Savings: Lower operational costs compared to traditional retail.
4. Personalization: Tailored shopping experiences based on user data.

Disadvantages:

1. Security Concerns: Risks of online fraud and data breaches.
2. Lack of Tangibility: Inability to physically inspect products before purchase.
3. Dependency on Technology: Reliance on Internet connectivity and devices.
4. Competition: High competition with numerous online businesses.