E-commerce is the action of buying and selling products over electronic systems and the Internet. Over the years, ecommerce has grown popular amongst much of the population and it is now a widely used means of purchasing and selling. A wide variety of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), automated inventory management systems, and automated data collection systems.

There are benefits are drawbacks of e-commerce:

Benefits:

Easy, fast and efficient.
Not very time consuming.
Allows people who are housebound to purchase items.
Reduces time and travel.

Drawbacks:

Allows for more online fraud.
Many people can become addicted to online buying.