E‐Commerce

Abstract

Electronic commerce (e‐commerce) involves business that is done electronically and includes economic exchange between businesses (B2B), businesses selling to consumers (B2C), or exchange between individual consumers (C2C). By the twenty‐first century, e‐commerce had become increasingly central to affluent economies, as a result of the creation of vast telecommunications networks and the Internet; the proliferation of personal computers and mobile phones; developments in business systems, software, and websites; and the establishment of trust in vendor reliability and personal financial information security (especially credit cards), through promotional marketing and advances in encryption.