Two years ago, the sum total of knowledge about e-commerce could be contained in one bucket of bits.
Two years from now, one might float on an ocean of digital signature regulation alone. Almost every area of substantive law has been touched by an "e-issue" and it is all a cyber-attorney can do to keep his or her head above water.
The broadest definition of e-commerce is "the conduct of transactions by electronic means." In the interest of water safety, this series will sail in a smaller pond.
We will focus specifically on purchases of goods and services from online stores on the Web.
We will focus specifically on purchases of goods and services from online stores on the Web.
Because this is an introductory course with a limited schedule, we will focus our study around the needs of a fictional e-enterprise, ComeStudyAbroad.com, which has no bricks-and-mortar counterpart, deals only in electronic information, and does not engage in sales of physical goods.
What do you mean by internet commerce
E-commerce is a transaction of buying or selling online. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.
Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction's life cycle although it may also use other technologies such as e-mail.
Economists have theorized that e-commerce ought to lead to intensified price competition, as it increases consumers' ability to gather information about products and prices.
Research by four economists at the University of Chicago has found that the growth of online shopping has also affected industry structure in two areas that have seen significant growth in e-commerce, bookshops and travel agencies.
