Explain the evolution of E-Commerce.

Question

21 Feb 2025

Answer :

Word Count : 648

E-commerce, or electronic commerce, refers to the buying and selling of goods and services through the internet. Its evolution is deeply intertwined with advancements in technology, changes in consumer behavior, and developments in business strategies. The journey of e-commerce can be traced back to the late 20th century, with key milestones shaping the industry.

The initial phase of e-commerce began in the early 1970s with the advent of electronic data interchange (EDI). EDI allowed businesses to exchange documents, such as purchase orders and invoices, electronically, eliminating the need for paper-based transactions. Although this was a crucial development, it was limited to large corporations and mainly used for business-to-business (B2B) transactions.

In the 1980s, the development of online services like AOL and Prodigy helped popularize the internet. This period marked ____ _________ _____ _______ __________ _____ ______ ____.
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