What term describes the buying and selling of goods and services over the internet?

The term that defines the buying and selling of goods and services over the internet is e-commerce. This broad category encompasses a wide range of online business activities, including retail, wholesale, and services. E-commerce allows businesses and consumers to engage in transactions without needing to physically meet, facilitating a more convenient and efficient marketplace.

Online retailing refers specifically to the selling of goods to consumers via online platforms but does not encompass all aspects of e-commerce, such as business-to-business transactions or services. Digital market is a more general term that may refer to any marketplace operating online but is not commonly used as a formal term in this context. Similarly, internet sales, while accurate, is a less comprehensive term since it typically refers only to specific transactions rather than the entire spectrum of commercial activity conducted over the internet.

E-commerce represents the industry standard and has become a vital component of modern trading practices, effectively revolutionizing how business is conducted globally.