In general, electronic commerce (EC), or e-commerce as it is also called, is defined as commercial transactions conducted electronically on the Internet, Intranet, Extranet, World Wide Web, email and fax. These transactions should not be assessed and include both sales and items such as free downloads. All transactions can be made globally.
Simply put, e-commerce means buying and selling goods online. It also includes other activities related to business operations. Recent and future e-commerce industries include mobile commerce, where products are sold using a variety of mobile devices, and Facebook commerce, which provides an audience to conduct business.
E-commerce involves the creation of new business structures and business relationships between companies, their customers and suppliers. http://www.confiduss.com/en/info/blog/article/top-ecommerce-jurisdictions/