eBay is an online marketplace founded in 1995 with over 133 million active users. Platform offers both auction-style and fixed-price listings. eBay Store provides virtual storefront for sellers with subscription-based service
Ecommerce is buying and selling goods and services online. Multiple spellings exist, including "e-commerce" and "ecommerce". Process involves data exchange between multiple entities
NAFTA established free trade between US, Canada, and Mexico in 1994. Agreement eliminated most tariffs between three countries. Two side agreements addressed labor and environmental standards. USMCA replaced NAFTA in 2020
Global e-commerce reached 19% of retail sales in 2023, expected to reach 25% by 2027. Global retail e-commerce sales will exceed $7 trillion by 2025. US e-commerce market expected to reach nearly $660 billion by 2029
Global e-commerce sales reached $6.09 trillion in 2024, projected to reach $6.56 trillion by 2025. Industry grew 32% in 2021 compared to 2020. Average adult spends $1,200 annually on online purchases
E-commerce refers to online buying and selling of products and services. Term coined by Robert Jacobson in 1984 California Electronic Commerce Act. First comprehensive electronic commerce service launched by CompuServe in 1984