The document defines electronic commerce (e-commerce) as the buying and selling of products or services over electronic systems like the Internet. It discusses the history of e-commerce from its origins in electronic data interchange (EDI) and electronic funds transfer (EFT) to its growth with credit cards and the internet in the late 20th century. The document outlines the main advantages of e-commerce like lower costs and 24/7 access, and disadvantages like lack of quality guarantees and security risks. It describes the main types of e-commerce transactions - business to business (B2B), business to consumer (B2C), consumer to business (C2B), and consumer to consumer (C2C). Finally, it