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Simple English definitions for legal terms
e-commerce
Read a random definition: insurable interest
A quick definition of e-commerce:
E-commerce is when people buy and sell things using the internet. It's like going to a store, but instead of walking in, you use your computer or phone to shop. The "e" in e-commerce means electronic, which is just a fancy word for things that happen on the internet. Electronic transactions are when people use messages to make deals, instead of talking to each other in person.
A more thorough explanation:
Definition: E-commerce is the practice of buying and selling goods and services through online consumer services on the Internet. The "e" in e-commerce stands for electronic, which has become a popular prefix for other terms associated with electronic transactions. An electronic transaction is a transaction formed by electronic messages in which the messages of one or both parties will not be reviewed by an individual as an expected step in forming a contract.
- Buying a pair of shoes from an online store and paying for them using your credit card is an example of e-commerce.
- Selling handmade crafts on Etsy and receiving payment through PayPal is another example of e-commerce.
- Booking a hotel room through a travel website and paying for it online is also an example of e-commerce.
These examples illustrate how e-commerce allows people to buy and sell goods and services online, without the need for physical stores or face-to-face interactions. E-commerce has made it easier for businesses to reach a wider audience and for consumers to shop from the comfort of their own homes.