E-commerce is basically a online trading platform that can trade goods and services. A company that is far far away in the land can help people in the village. The institution will be in the city and can give basic facility online. It has to be a win win cause of the city is congested and raw material is also available in the city. If we need a clock we can buy it form the local market but a Pendulum clock may not. The clock is rare and we cant make it bulk. E- commerce is a platform where the people can store goods and service in the website and sell it if needed. There are some drawback of the system like product will not be return if not good. Some company like Amazon and flip cart will have some option but the idea to return is not as simple as offline market. Another is about the quality and fitness of the equipment they we buy. the quality cannot be estimated in the online shop only the credibility of the company is the way to find the quality of the material. We will buy a watch that will not fit for our hand on online not in offline is another way of telling the product is not fit for me.
E-commerce is started after the Invention of computer and internet but before that the Internet was not there and people go to one market to another and to another for the product. The network that is not used anymore is the local market. E-commerce is the idea to have a win win situation for the local market and the International market. The local market can make a product and sell it in the Online market aka E-commerce site. Money can be given online and two options are there for sending the money one is to send to site and another is to send through bank.
Before the Invention of Internet the civilization was only do transaction with goods each other and after the invention of money and internet people try to communicate with money and goods E-commerce if go forward we can have the barter system in the internet also.In India people think about e commerce only after the local marker most of the local markets are controlled by the Associations in the area. Flip cart is one of the Impotent Institution in the E commerce. Associated with the local market. Flip cart only sell product of other local stores but not its on product.