Which statement best describes the economic impact of e-commerce?

The statement that best describes the economic impact of e-commerce is that it increases convenience and sales. E-commerce has fundamentally transformed how businesses operate and consumers shop. By enabling transactions over the internet, e-commerce provides consumers with the ability to shop anytime and anywhere, removing geographical barriers and allowing access to a wider range of products and services. This convenience often leads to an increase in sales for businesses, as consumers are more likely to make purchases from the comfort of their own homes.

In addition, e-commerce platforms often allow businesses to reach a global audience, expanding their market significantly compared to traditional brick-and-mortar setups. This increased reach not only boosts individual business revenues but also contributes to overall economic growth by encouraging more competition and innovation in the marketplace.