Essay E Commerce And Electronic Commerce. E-commerce or Electronic commerce as the phrase states is where everything or anything within the business world which is sold electronically. It means sharing of business information, maintaining professional relationships and by telecommunications networks business transactions are conducted.
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Importance of Commerce The importance of trade and commerce are mentioned in following points :-1. Commerce tries to satisfy increasing human wants Human wants are never ending. They can be classified as 'Basic wants' and 'Secondary wants'. Commerce has made distribution and movement of goods possible from one part of the world to the other.
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Commerce encourages international trade Through commerce, we can secure a fair and equitable distribution of goods throughout the world. With the help of transport and communication development, countries can exchange their surplus commodities and earn foreign exchange, which is very useful for importing machinery and sophisticated technology.
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