WAEC Commerce 2017 Theory question 101

(a) E-commerce is the buying, selling and payment for goods and services through electronic means, especially the internet.
(b) Advantages (any four): improves efficiency as owners seek profit; saves government money spent on subsidies; government earns revenue from the sale; encourages private/foreign investment; widens share ownership; reduces political interference and corruption; better quality services.
Disadvantages (any four): job losses; higher prices for consumers; private monopolies may exploit consumers; wealth concentrated in few hands; foreign domination of the economy; essential services may be neglected in poor areas; government loses future revenue/control of strategic industries.

(a) and (b) are separate topics; answer both.