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The past a few years saw the boom and bust of the Internet sector, which is perhaps one of the most dramatic business events for several decades.
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Introduction The past a few years saw the boom and bust of the Internet sector, which is perhaps one of the most dramatic business events for several decades. Shutdowns of Internet companies more than doubled in 2001. However, based on a conservative estimate, only at most ten percent of significant Internet companies have shut down or declared bankruptcy. With the burst of the Internet bubble, people now are becoming more rational. Internet has become an important part of business and government, and less a part of frenzied speculation. Electronic commerce, which covers a much broader scope than mere Internet companies, has been penetrating our life to various degrees. It is no longer time to consider whether it should get involved in our existence but time to examine its implications and so as to make it bring positive changes to us. This paper provides an overview of e-commerce and an analysis...
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