Vishnu Kesharwani, Maharashtra National Law University, Aurangabad
ABSTRACT:
Trade, Commerce and Business is nothing new in India. Traces of Trade and commerce can be witnessed from the Mughal Era when East India Company entered India. They were the one’s who initiated trade and commerce among different countries. The paper discusses the changing mechanism of commerce from traditional to e-commerce. In the early century by the concepts of Liberalization, Privatization and Globalization, there has been a shift from Traditional commerce to e-commerce. The paper demonstrates the detail analysis of various terminologies used in the while trading on e- platforms. Now when there is trade and commerce on digital wires the scope of cybercrimes and frauds also increases. The advancement of technology and the cyber frauds or crimes are complementary to each other, just like the complementary demands concept in the economics discipline. While comparing the graphs it shows that as when the technology advances the cyber crime and frauds increases. The paper discusses the several cyber crimes in detail plus the detail concepts of shift in paradigm from Tradition commerce to E-Commerce. Thus, the paper reveals the various aspects of business models both traditional on digital wires.
Keywords: Traditional Commerce, E- Commerce, cybercrimes, cyber frauds
Comments