The term "e-commerce" is an acronym for "electronic commerce." E-commerce is the process of buying, selling, trading, ordering, and paying for goods and services over the internet. In e-commerce, sellers communicate and transact with the buyer without meeting them face to face. Online processes like banking, shopping, ticket booking, social networking, etc., are just a few examples. An online website or mobile application is the most basic requirement for e-commerce. Social media and the internet are used for marketing, advertising, selling, and conducting transactions. E-commerce refers to any money transaction carried out through electronic media. B2B, B2C, C2C, and C2B are the different types of e-commerce.
Electronic business, or e-business, refers to performing all company businesses online. Unlike e-commerce, e-business is not limited to commercial transactions. Instead, it also includes other activities like customer education, procurement of raw materials/goods, buying and selling a product, monetary transactions, etc., over the internet.
Today, as corporations constantly rethink their businesses in the backdrop of the internet's reach, availability, and its ever-changing capabilities -- they prefer conducting e-business to collaborate on sales promotions, purchase parts and supplies from other companies, and conduct joint research. In the past few decades, there has been an enormous growth of the e-business concept, giving rise to new business requirements. Consumers expect personalised, speedy, and secure experiences and interactions. New laws have been initiated to keep electronic data secure on the regulatory front.