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What is E-Commerce?

What is E-Commerce? A lot of people have taking advantage of these technology. So what really is E-Commerce (Electronic Commerce)?  " E-commerce  is a transaction of buying or selling online. Electronic commerce draws on technologies such as  mobile commerce ,  electronic funds transfer ,  supply chain management ,  Internet marketing ,  online transaction processing ,  electronic data interchange  (EDI),  inventory management systems , and automated  data collection  systems. Modern electronic commerce typically uses the  World Wide Web  for at least one part of the transaction's life cycle although it may also use other technologies such as e-mail."  This is according to wikipedia and describe as below. E-commerce businesses may employ some or all of the following: Online shopping  web sites for  retail sales direct  to consumers Providing or participating in  online marketplaces...