E-commerce refers to the buying and selling of goods and services over electronic networks, primarily the internet. It began in the 1960s when businesses started using EDI to share documents electronically. There are several types of e-commerce including business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), and business-to-administration (B2A). E-commerce allows businesses to reach a larger market and respond faster to trends, while lowering costs by reducing the need for physical stores and marketing expenses. However, it also lacks the personal touch of physical stores and makes price and product comparisons easier for consumers.