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E-Commerce - Describe role of E-Commerce in Our Daily Life

E-Commerce stands for electronic commerce. It is also known as e-trade or e-business. E-commerce is a financial business transaction conducted electronically between business partners over computer network (such as on Internet). This saves time for participants on both ends. The users can buy, sell, and exchange products or services via computer network. Usually the payments are made using credit cards.

Role of E-Commerce in Daily Life
In daily life there are many applications of e-commerce. The main services provided by e-commerce are as follows:

1- E-Mail
    E-mail is the most popular service through which we can electronically send and receive messages anywhere in the world. The spoken messages can be sent and received through voice email.


2- Video Conferencing
    Video conferencing is a meeting between two or more people located at different places. It is conducted through computer network. It provides an environment of normal meeting. It enables participants to see and hear each other at the same time as if they are in the same room. Video conferencing saves time and costs of travel. Following hardware and software are required to participate in video conferencing.
  • Webcam also called web camera. It is a digital video camera. Its output can be viewed in real time over a network/Internet.
  • microphone & speaker or headset.
  • Special software for video conferencing.
  • computer with a large memory and fast processor.
3- Electronic Shopping (E-Shopping)
    The shopping conducted through Internet is known as electronic shopping or e-shopping. Many business organizations have their websites on the Internet. These websites are use to sell goods and services. Customers place their orders through websites and make payments using credit cards. Any computer connected to Internet can be used for this purpose. People can purchase any goods such as books, software, movies, and computers etc.

4- Electronic Banking
    A service that allows an account holder to obtain account information and manage certain banking transactions through computer network is called electronic banking or e-banking. An electronic banking is also known as online banking or cyber-banking.

Many banks are now introducing online banking. The customers do not need to go to the bank. They can connect to the bank through network/Internet and see their bank account status at home. They can also conduct certain online transactions from home. They can also pay their utility bills through their bank accounts (or through credit card) using this facility.

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