E-COMMERCE AND ITS IMPACT ON GLOBAL BUSINESS

Finding out about the expansion and impact of online commerce as well as its consequences on contemporary company practices and the production of new jobs is the goal of this research project. E- Commerce is growing at a rapid pace across the world with the penetration of smart phones and internet across the different levels of society across the world. The expansion and its benefits are already apparent from the studies conducted in wealthy nations; but, as a consequence of the company expanding to emerging and undeveloped nations, we will be experiencing even more significant positive effects in the years to come. E-commerce paves the way for a new way to do business on a worldwide scale, which will lead to an increase in commercial activity in the days and weeks to come. The effects of globalization, together with the easing of restrictions on exports and imports between countries, will have a positive influence on economies all over the globe, resulting in improved development and innovation in the fields of knowledge and information technology. In addition to the aforementioned, electronic commerce will play a significant impact in the manner in which marketing is conducted as well as the labor markets. E-commerce has quickly become one of the most successful business models, which has brought a myriad of advantages to companies operating in the modern environment. The influence of online shopping on the profitability of businesses is the primary topic of this research. The worldwide marketplace, the absence of time limitations, improved opportunities for connection development with clients, lower overall fixed costs, and other factors have been among the most significant consequences. This study's objective is to evaluate the influence that e-commerce has had and continues to have on international trade as well as jobs. All nations' economies may stand to profit from the expansion of electronic trade. The gains are likely to be concentrated in developed countries in the short run but, developing countries will have more to benefit in the long run. Through the use of e commerce, there will be a rise in the total amount of international trade. The nations that are more receptive to imports from economies with high incomes will be the ones to profit from knowledge spillovers. In addition, there is the commerce conducted online.