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economists were pointing out that member state economies would have to behave
more like each other - a process known as convergence - if they were
collectively to realise their full potential. *EU countries agreed on a system of
'multilateral surveillance', or monitoring, to watch out for situations where
one member state's decisions on budgetary policy might have adverse effects on
the economies of other member states. *Generally it is described as any kind of
business transaction where information is exchanged electronically To some
people it means shopping at a website and buying products online, to other
people it means just designing a web page in a way to increase the customers'
interest. *Electronic trading, in which a supplier
provides goods or services to a customer in return for payment is just one
special case of electronic commerce.

*So ecommerce
includes, besides of interacting with customers electronically, all the things
a "normal" business would also need. Categories of E-Commerce There
are 3 categories of e-commerce:

−
busincss-to-busincss (B2B)

−
busincss-to-consumcr (B2C)

−
business-to-administration

−
consumer-to-administration

*An example in the
business-to-business category would be a company that uses an electronic way
for ordering from its suppliers, receiving invoices and making payments.

*The following
list describes of what may be the main advantages of e-commerce. *– lower
transaction costs (if an e-commerce site is organized well, you won't even need
any office equipment - however, it is rather seldom). – availability (people
from everywhere and at any time of the day can visit your site, get information
and put orders). – large quantity of information (a company can build a very
large catalogue with a lot of information on the web - just think of Amazon
with it's 3 Mio. articles).