CYBERMARKET Meaning and
Definition
-
Cybermarket refers to a virtual marketplace that operates online, where individuals or businesses can buy and sell various goods and services. It is a digital platform that allows users to engage in commercial activities using the internet. In a cybermarket, customers can browse through an extensive range of products and services from multiple sellers, compare prices, read reviews, and make purchases conveniently from the comfort of their own homes.
Cybermarkets typically offer a wide variety of items, from consumer goods like electronics, clothing, and household items, to more specialized products like software, digital content, and professional services. They serve as intermediaries between buyers and sellers, facilitating transactions by providing a secure platform and various payment options.
In addition to facilitating purchases, cybermarkets often provide additional features such as personalized recommendations, customer support, and secure payment systems to enhance the overall buying experience. They allow sellers to create their own virtual storefronts, where they can display and market their products, as well as interact with potential customers.
The emergence of cybermarkets has revolutionized the way people shop and conduct business, offering unparalleled convenience and access to a global marketplace. They have become a vital part of the e-commerce landscape, enabling both individuals and businesses to reach a wider audience and engage in efficient online trade.
Etymology of CYBERMARKET
The term "cybermarket" is created by combining two words: "cyber" and "market".
The word "cyber" originates from the Greek word "kybernetes", which means "steersman" or "governor". It first appeared in the mid-20th century, as a prefix to refer to anything related to computers, internet, or virtual reality.
The word "market" comes from the Latin word "mercatus", meaning "trading" or "merchandise". It has been in use since ancient times to describe a place where buyers and sellers engage in the exchange of goods and services.
By combining these two words, "cybermarket" is formed to refer to a virtual or online marketplace where commercial transactions take place over the internet. It is commonly used to describe digital platforms, websites, or applications that facilitate the buying and selling of products or services online.
