What is the impact of e-commerce on global trade?
An example of an AI chatbot conversation about the effects of e-commerce on global trade dynamics.
What is the impact of e-commerce on global trade?
E-commerce has significantly transformed global trade by increasing accessibility, reducing costs, and expanding market reach.
Can you explain how it reduces costs?
E-commerce reduces costs by eliminating the need for physical storefronts, lowering overhead, and streamlining supply chains.
What about its effect on small businesses?
E-commerce empowers small businesses by providing them with platforms to reach global customers without large investments.
Are there any negative impacts?
Yes, some negative impacts include increased competition, market saturation, and challenges in logistics and delivery.
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