In its simplest sense, “Commerce” is an act of trade between two parties.
Adding an “e” to commerce introduces a layer of complexity by transferring the transactions, rules, procedures and fail-safes into a virtual word. On the Internet the provision of trust becomes the keystone of any successful trading model because without trust, no-one will trade.
eCommerce is driving the new economy and the Internet is its primary facilitator. The Internet is a communications network that has revolutionized the way people access, share and use information.
Electronic business is normally defined as: