The global sales projection for e-commerce in the coming year is estimated to exceed $6.3 trillion.
Advantages of starting an e-commerce business include cost reduction, wider audience reach, and 24/7 operation.
Disadvantages of e-commerce include lack of personal touch, security threats, and competition.
Compliance with legal rules and regulations is crucial to protect customer data and avoid high fines.
Data privacy regulations, such as GDPR, protect customer rights and impose penalties for non-compliance.
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