Forums Economics Assignment Help GCSE Explain why online retailing is an example of a market

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    nammy
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    Explain why online retailing is an example of a market.

    #16094
    nammy
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    Answer: Online retailing is nothing but the sale and purchase of goods & services through the internet. It follows the business to customers’ trade model wherein the firms interact directly with the customers without the involvement of any mediators.

    Thus, online retailing is market because it captures all the features of a market. The customers have full information about the product; the sellers sell & deliver the product to you. Also, communication between supply and demand sides happens through internet. The wide range of products available online helps in comparison, so that the decision of purchase can be easy. There competition here also among the online retailers.

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