A STUDY ON UNDERSTANDING OF E-COMMERCE WITH REFERENCE TO COMPETITIVE ECONOMY


Sudhakaran P P, Mr.K.Ponnumani
Student, DR. N. G. P Arts and science college
Abstract
E-commerce(electronic commerce) is a process of doing business through online by using computer network. E-commerce is a new way of conducting commerce or development of contractual relationship between buyers and sellers without either of them coming into physical contact with each other. This new way of conducting commerce has revolutionized the business and is fast becoming the norms rather than the exception of conducting transaction worldwide. A person or a man sitting in front of computer can access the network for the purpose of buying or selling the products. It has made easier for human to reduce physical work and to save time. But the security is the challenging face of e-commerce today and there is still a lot of advance is made for security in this field. The main advantage of e-commerce over traditional commerce is the user can browse online shops, compare price and other merchandise sitting at home. For increasing the use of e-commerce in developing countries the e-commerce is implemented for improving access to global market for firms in developing countries. For a developing country advancement in the field of e-commerce is essential. The research strategy shows the importance of e-commerce in developing countries for business application.
Keywords: amazon ,myntra ,flipkart, alibab
Journal Name :
EPRA International Journal of Multidisciplinary Research (IJMR)

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Published on : 2021-07-09

Vol : 7
Issue : 7
Month : July
Year : 2021
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