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In web development, an extension is a software package that extends the functionality of a programming language; in which the website was made. For example: Magento Enterprise Plugins extends the existing functionality of the Magento Store in the website. Same is applicable with other software.
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It is 2018 and the digital age is growing at a very fast pace, so is eCommerce along with it. So, it is understandable that most businesses that are popping up are looking to set up a webshop instead of a retail shop to attract more customers.
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Magento is an e-commerce website or an open source content management system, magento is the best solution for an ecommerce website development. It was developed by varien Inc., with assistance from few volunteers