New developments in commerce during the 21st century
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Development of Commerce Education in the 21st Century:-

The New Development of  commerce education system in India is one, which contributes main contributors to the development of economic rise in India. Commerce Education is an important part of the education system .It is called as also Business Education. 

Commerce discipline is totally different from other disciplines in the education system in India. It is an area of education which develops the required knowledge, attitudes and skills for successful handling of trade, commerce and industry. 

 Commerce Education serves as a catalyst for socio-economic development of any country or region. It supplies input that enables us to meet the requirements of the present-day stiff competition business environment.

 The level of speed at which commerce education is currently expanding in this area is in itself a testimony to its growing Acceptance as a source of awareness, development of skills, prosperity and creativity which are very essential preconditions of the economic prosperity of any country.

 The economic environment and the WTO issues have led to sweeping transformations in all facts of trade, commerce and industry. There is an emergency of remodeling of companies like merger-demerger, Acquisitions and joint ventures etc.

 The importance is given to Quality, Customer satisfaction, Human resources development, financial risk, E-commerce, International Trade etc.

New developments in commerce during the 21st century

Scope of Commerce in India:-

A field like Commerce offers plenty of job opportunities. Students that choose Commerce as their field of study can opt as their career such as Business Executives, Accountants, HR Managers, Data Analysts, Marketing Managers, Investment Bankers, Project Manager & Research and Development managers. 

New Development field of Commerce during the 21st century.

Internet Banking, Mobile banking, advanced telecommunications services, online shopping & e-commerce business is spread all over the world. Commerce brings the entire world as  a global village.

 What is E-commerce:-

 E-commerce or Electronic commerce means buying and selling goods, products or services over the internet. In other words E-commerce is also known as Internet commerce or electronic commerce.

Now the services also provide through  on line  through Internet works in 2022. Transactions of money, funds transfer and data are also considered e-commerce.

New developments in commerce during the 21st century.

New Development field of Commerce during the 21st century.

Internet Banking, Mobile banking advanced telecommunications services, online shopping & e-commerce business spread all over the world. Commerce brings the entire world as  a global village.

What is E-commerce:-

E-commerce or Electronic commerce means buying and selling goods, products or services over the internet. In other words E-commerce is also known as Internet commerce or electronic commerce.


 Now the services also provide through  on line  through Internet works in 2022. Transactions of money, funds transfer and data are also considered E-commerce.

 What is the relevance of e-commerce in the 21st Century?

 E-commerce has tremendously reduced the transaction costs allied with purchase, sales, operating, holding inventory and financial costs. The application of e-commerce through the development of web site enhances the potential global market and sales revenue, product, potential new customer, services and geographical areas.


After the Internet revolution in the world, Electronic commerce (E-commerce) remains a relatively new, emerging and constantly changing area of business management and information technology.


Today in the age of Internet sysstem the entire process of marketing, delivering goods and selling and other services to customers is doing very easily all over the world. This is all possible due to onle E-commece. Consumers can buy almost anything online 24 hours a day.


The great development and the acceptance of information technology, computer network and the Internet have transformed the model of operation of many businesses and at the same time have brought along unprecedented business opportunities. Businesses can conduct 

Transactions across geographical boundaries.


E-commerce has become the market trend of the 21st century.

Top 10 benefits of E-commerce business in the 21st Century:-

1. E-commerce remains a relatively new, emerging and constantly changing area of business management and information technology.

2. E-commerce refers to the entire process of marketing, selling, delivering goods and servicing customers over the Internet.

3. It has revolutionized the way companies do business. All over the world the consumers are almost always doing their business (24×7).

4. The great development and acceptance of information technology, computer network & Internet have transformed the mode of operation of many businesses.

5. Businesses are now able to make transactions across geographical boundaries at high efficiency.

6. E-commerce is the preferred method of shopping for many people. The customer can do the transcations, which can shop online from their home at any time at any place over day & night.

7. Startup costs are establishing E-commerce businesses are far less than expanding your business with more brick and mortar locations.

8. You save money by using fewer employees to perform operations such as managing inventory and billing customers.

9. Advertising world done well on the web can get even a small firm promotional message out to potential consumers in every country in the world.

10. Consumers save time and money by searching for items and making their purchases online.


New developments in commerce during the 21st century.
Different types of e-commerce businesses in 2022-

Importance of E-commerce business in 2022:-

·        e-commerce helps you reduce costs:-

To have an online store is not necessary; you have all products presented in the physical space. In fact, different companies operate online where they only show their entire inventory through their electronic commerce.

Due to this, it is not only savings by not needing a rental purchase of premises but also everything that involves electricity, the internet etc. In all, total e-commerce businesses reduce costs.

·        e-commerce Helps Business Global:

In the e-commerce business, you can sell products around the world at any time (24×7). If you run to a physical store, it will be limited by the geographical area that you can service. The e-commerce website will allow you to increase yearly outreach. It will offer you products and services to customers around the whole world.

·        e-commerce business can be done with Fewer overheads & Fewer Risks:-

Starting an online store can mean significantly lower startup costs compared to a brick and mortar retailer. The retailer or the online business owner does not have to take into consideration the high expenses of shop rental, hiring a salesperson to woo the customer, utility, bills security measures etc.

This in turn will enable you to sell your products at competitive prices. The online store enables you to enjoy increased profitability with less risk. 

·        You can do your business through mobile:-

Making your e-commerce services available on phones and mobiles is another a trend that e-commerce companies must hop on.

Making their businesses mobile friendly allows one to tap into the market with utmost ease since smartphones are largely available and a viable source of growth for the business.

·        There are diverse payment methods:- 

Consumers today want to pay for their orders in various ways and it is up to the E-marketers utilize the plethora of various techniques available to integrate a whole lot of diverse payment modes like E-wallets& pay later options, available on their website and apps.

·        Using of AR & VR Technology:-

With the unprecedented growth in consumer tech, using tech-based systems like AR & VR can make online shopping a more immersive and informative experience. Visual technology also helps the companies all over the world to reach out new market.

·        Utilize various selling channels:-

Today, e-commerce business giants give their consumers more incentives to shop on their platforms. Moreover, social media markets are also emerging and a shift to such a market can make things a lot easier ways.

In today’s market scenerio E-commerce business  is very successful and profitable. It is now the right time  to change the business model  to focus  on the customer needs and their satisfaction.

·        E-commerce gives you Marketing Opportunities:-

Your website is one of the best marketing tools for your business, not only using SEO when building your site lead to more chances of your business getting found in search engines.

However, a huge number of marketing techniques can also work alongside your website, including pay-per-click advertising. Your social media marketing and e-mail marketing, all of which can include links back to your websites.

·        Online store will stay open (24x7x365) days.

One of the great importance of e-commerce that e-commerce retailers can enjoy is that store timings are now 24x7x365 as the E-COMMERCE are open 24 hours a day, 7 days a week compared to the regular store.

In E-commerce business retailers are increase their sales by boosting their orders and sales through the Internet. However, it is also helpful for customers, as they can purchase & services whenever they want, whether it is midnight or early morning.

·        Improve the Image of your business:-

E-commerce, business improves the image of your company. Good online sales platforms for users will give your company a corporate appearance. It is not only updates but it also shows interest in facilitating consumer purchases.

For example-It prevents you from traveling to the physical place of sales and allows you to compare prices from home. In addition, thanks to what we have mentioned as loyalty or feedback, you can even implement improvements in your products that customers will value positively.

·        Ready for Trade in Future through E-commerce”:-

This is another important detail of thinking about the long term of your business. Search pattern and consumer spending on the advancement of technology and the latest statistics estimate that by 2040 95% of purchases will be made through the internet.

Therefore, we are not only talking about a trend of the present but also about what commercial relations of the future will be. If you have no Internet facilities you cannot exist in the market. Your business does not sell on the Internet, it limits sales in massive ways.

·E-commerce can increase Your Brand value and Expand your Business:-

 Having an e-commerce store can be used to broaden your range of products /services for sale, and expand your business. bring you more customers and diversify your sales.

 It is the ideal way to take your brand from a traditional brick and mortar store to an innovative, well loved one.

 With e-commerce, there is no need to have more than one branch, just one singular online store allowing you to fully reach customers without having to worry about moving locations. You can manage your online business from home.

E-commerce will be helpful for B2C and B2B businesses to boost their brand awareness in the market.


New developments in commerce during the 21st century.


1. Question:-Which e-commerce is the best in 2022?

1. Answer:-Retail e-commerce marketplaces, online learning, food ordering, online grocery, and online rental are good e-commerce businesses in India.

 2. Question:-What is the future of e-commerce?

 2. Answer:-The e-commerce industry is expected to grow by almost $11 trillion between 2021 and 2025. E-commerce business global trends towards digitalisation surged ahead at lighting speed. Ecommerce business climbed very high all over the world.

3. Question:-How much can one earn from an e-commerce business?

3. Answer:- Data shows that at three months a newly set e-commerce store can make just over $63000 monthly revenue while at one can earn a yearly average to $127000 monthly revenue.

4. Question:-Is e-commerce a good career?

4. Answer:-E-commerce is a booming sector. Sales and revenue in the market have grown year on year over the decades. Online shopping is a robust industry.

5. Question:-Why e-commerce is so successful in the world?

5. Answer: – It is popular because it delivers customers reliably, but there is a marginal cost associated with each new customer. Costs can grow during periods of peak demand.


E-commerce is very popular nowadays. Increases in Internet accessibility, ease of transactions, plenty of products and personalized offers, absence of the constraints of physical presence and interactions makes online shopping desirable to consumers.

Whether you are a business or a consumer, e-commerce has many benefits nowadays.

The  rapid  adoption of smartphones, easy and affordable  access to Internet technology,  and convenience of shopping  at any time(24×7) are the major factors  and rapid growth of the  on line commerce throughout the world.

The e-commerce industry is expected to grow by almost $11 trillion between  2021  and 2025.As per report by Industry body  FICCI-Online commerce  is projected  to touch  $188 billion  up from $64 billion  in 2020.


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I am Ajay Kumar Patra. ( & MBA-Finance) with 27years of Accounts & Taxation Experience in Large Manufacturing Units in India. In 2021 I started my own tax consultancy firm called “Ajay Tax consultant”. I started my Digital marketing on my website "".I have already published more than 100 Blogs on Business, Finance, startups, Digital marketing & Tours & Travel for my viewers.