Electronic commerce is the buying and selling of products or services over electronic systems such as the internet and

other computer network. E-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 business transactions.

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Richness
Information Density

No need of physical company set-ups. Faster buying/selling procedure, as well as easy to find products. More reach to customers, there is no theoretical geographic limitations.

Easy to start and manage a business.

Customers can easily select products from different providers without moving around physically.

Any one, good or bad, can easily start a business. And there are many bad sites which eat up customers money.

There is no guarantee of product quality.

As there is minimum chance of direct customer to company interactions, customer loyalty is always on a check. There are many hackers who look for opportunities, and thus an ecommerce site, service, payment gateways, all are always prone to attack.

In the 1960s, very early on in the history of Ecommerce, its purpose was to exchanging electronic data long distance .In these early days of Ecommerce, users consisted of only very large companies, such as banks and military departments, who used it for command control communication purposes . In the late 1970s a new protocol was developed known as ASC X12 which was used for the exchange of business documents and information electronically ..

Exploitation of New Business Enabling the Customers Improvement of Business Transaction Effective Performance

Greater Economic Efficiency

B2C stands for Business to Consumer as the name suggests, it is the model taking businesses and consumers interaction. Online business sells to individuals. The basic concept of this model is to sell the product online to the consumers. B2c is the indirect trade between the company and consumers. It provides direct selling through online

Business to Consumer (B2C)

B2B stands for Business to Business. It consists of largest form of Ecommerce. This model defines that Buyer and seller are two different entities. It is similar to manufacturer issuing goods to the retailer or wholesaler.

C2C stands for Consumer to Consumer. It helps the online dealing of goods or services among people. Though there is no major parties needed but the parties will not fulfill the transactions without the program which is supplied by the online market dealer such as eBay.

Peer to Peer (P2P)

It is a discipline that deal itself which assists people to instantly shares related computer files and computer sources without having to interact with central web server.

M-Commerce
It deals with conducting the transactions with the help of mobile. The mobile device consumers can interact each other and can lead the business. Mobile Commerce involves the change of ownership or rights to utilize goods and related services.

Electronic data transfer.

EDI on the Internet.

Shopping on the World Wide Web.

Product sales and services on the Web. Electronic banking or funds transfer. Outsourced customer and employee care operations.

New E-commerce is still in its formative stage. The business-to-business and intraorganizational segments currently dominate e-commerce. Many major digital retailers are as yet in the investment and brand-building mode and show no profits; yet many established retailers realize profits from the new selling channel. E-commerce will present over time countless opportunities and challenges to our economies and societies

Expansion of commerce and technological innovations are two of the levers of economic growth. These forces are combined in the progress of Ecommerce. The macroeconomics effects of E-commerce on the national and regional economies, and on the international trade and its terms will need to be assessed and analyzed.