E-Commerce in the New Millennium and Its Advantages

Electronic commerce is the paperless exchange of business information using electronic data interchange (EDI), through means of email, electronic bulletin boards, fax transmissions and electronic funds transfer. The concept of e-commerce is about using the internet to do business better and faster, it refers to internet shopping, online stock and bond transactions, the downloading and selling of "soft merchandise" (software, documents, graphics, music, etc.) and business to business transactions. …