E-commerce (electronic commerce) is buying and selling of goods or services over electronic systems such as the Internet and other computer networks. E commerce is the conduct of a financial transaction by electronic means.
The Internet has created a new economic ecological unit, the e-commerce marketplace, and it has become the essential main street of the world.
E-commerce is providing a quick and convenient way of exchanging goods and services both regionally and globally The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange, inventory management systems, and automated data collection systems.
Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of the business transactions.
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