What are the positive and negative effects of e- commerce ?
Answers
E-commerce is business activity carried out electronically on the Internet rather than at a physical location. Through websites, some businesses do business with other businesses, an e-commerce model known as B2B. Other businesses sell to consumers online, in a B2C e-commerce model. The advent of e-commerce has had both positive and negative effects.
Security. Another negative effect of e-commerce is its effect on consumers' security. Online transactions are inherently more insecure than those conducted in person because there's no way to guarantee that the person making the payment is the actual owner of the credit card used.
Advantages to Society. Customers need not travel to shop a product, thus less traffic on road and low air pollution. E-commerce helps in reducing the cost of products, so less affluent people can also afford the products