E-commerce refers to the buying and selling of goods and services over the internet, with participation expected to rise from 66% to 85% in the coming years. The document outlines the historical development of e-commerce, highlighting key milestones from 1983 onward, including the launch of significant companies and services. It also discusses different types of e-commerce, advantages such as convenience and cost-effectiveness, and disadvantages including security concerns and product quality issues.