E-COMMERCE Electronic commerce, commonly

written as e-commerce  Facilitation of trading in products or

services using computer networks, such as the Internet.

IS E-COMMERCE A NEED OR WANT OR A DEMAND OR DESIRENeed, Want, Demand and Desire are a part of basic marketing principles

NEED The easiest explanation of the concept

“needs” is the basic human requirements like shelter, clothe, food, water, etc.

E-COMMERCE is a need for those people who have extensive working hours and don’t have time for shopping

WANT AND DEMAND Wants are a step ahead of needs and

are largely dependent on the needs of humans themselves

They are simply the request of needs Demands are step ahead of wants

Let’s discard the boring explanation process and start with an example.

There are two options, you either go for a “OLA prime” or “OLA auto”.

Though, the prices are really different. The “OLA auto” costs 8 Rupee and the “OLA prime” costs 16 Rupee.

We’d prefer to go the “OLA prime” , but the question is, can we?

If we, financially, are strong enough and can allow ourselves to go for a 16 rupee/km in OLA prime, it means that we’ve transformed our want/need into a demand.

EXAMPLE