Question

Describe how E-Commerce is related to socio-technological changes.

Answer 1

1. The growth of E-Commerce is also related to socio-technological changes.
2. The more, the medium becomes deep-rooted, the more, are the users drawn towards it.
3. An increase of users increases the markets.
4. As the markets expand, more business organizations are attracted.
5. The more businesses accumulate it creates competition.
6. The competition leads to innovation.
7. Innovation in turn drives the development of technology.
8. Technology facilitates E-Commerce growth.