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- Online shopping is the process of buying goods and services over the internet. Online shopping has several benefits for consumers, such as123:
- Convenience: Online shopping allows shoppers to order products anytime and anywhere, without having to visit physical stores.
- Time-saving: Online shopping saves shoppers the time and hassle of traveling, parking, and queuing.
- Cost-saving: Online shopping enables shoppers to compare prices and find discounts and deals from different sellers.
- Variety: Online shopping offers shoppers access to a wide range of products and brands, both local and global.
- Quality: Online shopping helps shoppers find quality products by reading reviews and ratings from other customers.Online shopping also has some drawbacks for society, such as2:
- Job losses: Online shopping reduces the demand for physical stores and workers, leading to unemployment and lower incomes for some sectors.
- Environmental challenges: Online shopping increases the use of packaging materials, transportation, and energy, which contribute to pollution and greenhouse gas emissions.
Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Importance of Online Shopping Nowadays
- Convenience Convenience is online shopping’s biggest gift to shoppers. ...
- Time-Saving Convenience helps you order food at the comfort of your couch. ...
thevisualcommunicationguy.com/2019/04/20/import…Online shopping has had a significant impact on society, offering convenience and creating new employment opportunities while also contributing to job losses and environmental challenges.insightvity.com/how-does-online-shopping-affect-so…Key Takeaways
- Online purchases reached about 8 percent of all spending in 2017.
- The typical household gains about 1 percent of consumption — or over $1,000 per year — in extra buying power from accessing merchants online.
siepr.stanford.edu/publications/policy-brief/how-val… - People also ask
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