What is web based market?

A web-based market refers to an online platform where goods and services are bought and sold over the internet. This includes e-commerce websites, marketplaces, and auction sites that connect buyers and sellers without the need for a physical storefront. Examples include Amazon, eBay, and Etsy, which facilitate transactions, often providing features like user reviews, payment processing, and shipping arrangements. By operating online, these markets can reach a global audience, offering convenience and a wider selection to consumers.