Electronic Commerce is exactly analogous to a market place in the Internet.
Electronic Commerce (also referred to as EC, e-commerce eCommerce or ecommerce)
consists primarily of the distributing, buying, selling, marketing
and servicing of products or services over electronic system such as the
Internet and other computer networks. The information technology industry might
see it as an electronic business application aimed at commercial transactions;
in this context, it can involve electronic funds transfer, supply chain
management, e-marketing,
online marketing,
online transaction processing, electronic data interchange (EDI), automated
inventory management systems, and automated data collection systems.
Electronic commerce typically uses electronic communications technology of the
World Wide Web, at some point in the transaction's lifecycle, although of
course electronic commerce frequently depends on computer technologies other
than the World Wide Web, such as
databases,
and e-mail, and on other non-computer technologies, such as transportation for
physical goods sold via e-commerce.
Source: wikipedia.org
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