Electronic commerce, also known as E-Commerce or Internet commerce, refers to the purchase and sale of goods or services over the Internet, and the transfer of money and data to execute these transactions. E-Commerce is often used to refer to the sale of products online, but it can also describe any type of commercial transaction that is facilitated through the Internet.
The first E-Commerce transaction took place in August 1994, when a man sold a CD of the Sting band to his friend through his website. Since then, E-Commerce has evolved to make products easier to discover and buy through online retailers and markets.
These are the basic concepts that every electronic commerce process entails: