J a n u a r y 2 Modern Economics

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1
Lesson 7: E-Commerce
J a n u a r y 2 0 2 3
Modern Economics

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2
E-Commerce

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3
E-Commerce
And how it differs from regular one?

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4
E-Commerce
E-commerce, or electronic commerce, refers 
to the buying and selling of goods and 
services over the internet
It covers a wide range of business activities, 
including online shopping, electronic 
payments, and digital content delivery
There are several types of e-commerce 
platforms and business models, including B2B
(business-to-business), B2C (business-to-
consumer), C2C (consumer-to-consumer), 
and C2B (consumer-to-business)

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5
Key Components of an E-commerce System
An e-commerce system consists of: website or 
online store, a payment gateway, a shipping and 
logistics system, and a customer relationship 
management (CRM) system. 
These components work together to provide a 
seamless and efficient shopping experience for 
customers.
In addition, e-commerce systems must be 
designed with user experience in mind, with clear 
navigation, intuitive interfaces, and responsive 
design that works well on both desktop and 
mobile devices.

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6
Infrastructure and Architecture for E-commerce Systems
The infrastructure and architecture of an e-
commerce system are critical to its success. 
This includes the server and hosting options used 
to host the website or online store, as well as the 
software and programming languages used to 
build and maintain the system.
In addition, e-commerce systems must be scalable 
and flexible, with the ability to handle large 
volumes of traffic and transactions, as well as 
adapt to changing customer needs and 
preferences.

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7
Security and Privacy Considerations
Security and privacy are major concerns for e-
commerce systems, as they deal with sensitive 
customer information such as payment details and 
personal data. 
E-commerce systems must implement robust 
security measures, such as encryption and secure 
payment gateways, to protect against cyber 
attacks and data breaches.
In addition, e-commerce systems must comply 
with various laws and regulations related to data 
protection and privacy, such as the General Data 
Protection Regulation (GDPR) in the European 
Union.

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8
Mobile Commerce and Emerging Technologies
Mobile commerce, or m-commerce, refers to the 
buying and selling of goods and services through 
mobile devices such as smartphones and tablets. 
With the rise of mobile usage, m-commerce has 
become an increasingly important part of e-
commerce systems, and businesses must ensure 
that their websites and online stores are optimized 
for mobile users.
Emerging technologies such as artificial 
intelligence, virtual reality, and blockchain also 
have the potential to transform the e-commerce 
landscape, providing new opportunities for 
businesses to engage with customers and 
streamline their operations.

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9
Practice
1. Requirements Gathering and Analysis
Task: Plan steps to create a running e-commerce 
site
2. System Design and Architecture
3. User Interface Design
4. Database Design and Management
5. Implementation and Development
6. Testing and Quality Assurance
7. Deployment and Maintenance

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Document Outline

• Slide 1: Modern Economics
• Slide 2
• Slide 3: E-Commerce
• Slide 4: E-Commerce
• Slide 5: Key Components of an E-commerce System 
• Slide 6: Infrastructure and Architecture for E-commerce Systems 
• Slide 7: Security and Privacy Considerations 
• Slide 8: Mobile Commerce and Emerging Technologies 
• Slide 9: Practice