30 Cheap Products Under $20 on Amazon
Ecommerce refers to the buying and selling of goods or services online or over the internet. Before e-commerce was introduced, brick-and-mortar stores were common and physical locations were necessary for businesses to operate. However, at present, people can buy and sell thousands of products, from laptop computers to shower loofahs, and services, such as tutoring and writing custom poetry, over the internet. Ecommerce, therefore, provides internet users with a convenient platform to satisfy their wants and needs without having an active, physical interaction between the buyer or seller. Using logistics services to deliver the goods sold on the internet, e-commerce has traversed international boundaries and is redefining commercial activities around the world. The global e-commerce market was valued at $9.09 trillion last year and is estimated to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027.