explain how and when demand and supply have changed (shifted) for online shopping. Provide examples of historical or current events where market demand and market supply for online shopping have shifted significantly, and state the factors that you believe have caused the shift in supply and/or in demand.
explain how and when
Online shopping has grown in volume in recent years. It was not too many years ago when people used to shop only from their local market stores and was a little hesitant about sharing their personal information and card details with the cyber shops. In the recent past, demand and supply have changed favorably towards online shopping. Throughout the world, the demand for online shopping has grown exponentially.
Influxes of such a huge demand for online goods arise from the comfort and ease that online shopping gives to an individual and supply changes as a result of increasing demand due to changes in preferences of customers in favor of online shopping.
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